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US steel consolidation continues for Cleveland-Cliffs

Iron ore producer Cleveland-Cliffs will become the largest North American steel producer after announcing its second significant acquisition in less than 12 months with the agreement to buy the US assets of ArcelorMittal for US$1.4 billion in cash and scrip.

US steel consolidation continues for Cleveland-Cliffs US steel consolidation continues for Cleveland-Cliffs US steel consolidation continues for Cleveland-Cliffs US steel consolidation continues for Cleveland-Cliffs US steel consolidation continues for Cleveland-Cliffs

Cleveland-Cliffs is buying the US assets of ArcelorMittal