# POSCO Group to acquire over 10% stake in Cleveland-Cliffs

POSCO Group announced a strategic partnership to acquire more than a 10% equity stake in Cleveland-Cliffs Inc., with an investment estimated to exceed ₩1 trillion (approximately USD 730 million). The MOU was signed on October 31, 2025.

- Type: Acquisition
- Announced: 2025-10-31
- Where: United States
- Value: $730.0M
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [POSCO](https://endata.com/companies/8856.md) (acquirer)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (target)

## Sources

- [alphabiz.co.kr](https://alphabiz.co.kr/news/view/1065620365650398), 2025-10-31: "POSCO Group announced a strategic partnership with Cleveland-Cliffs Inc., the second-largest steel producer in the United States, marking a major step to strengthen its presence in the North American market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.