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Cleveland-Cliffs to acquire AK Steel for $1.1 billion · Endata

◂ Announcements

Jul 9, 2020ACQUISITIONMiddletown, Ohio, United States

Cleveland-Cliffs to acquire AK Steel for $1.1 billion

Cleveland-Cliffs, North America's largest producer of iron ore pellets, will acquire AK Steel, a leading producer of flat-rolled carbon, stainless and electrical steel products, for $1.1 billion. The deal was announced on July 9, 2020.

Value

$1.10B

Status

Announced

Productsflat-rolled carbon steelstainless steelelectrical steel

CompaniesAK Steel target Cleveland-Cliffs acquirer

Sectors#Steel and Metal Products

“Today's announcement of the merger between AK Steel and Cleveland-Cliffs came as a surprise, but appears to be a positive move for the combined company.”journal-news.com

1 source
journal-news.comAK Steel acquisition was a surprise to Middletown community | News | journal-news.comEd RichterJul 9, 2020

Summarized from public sources; check the original articles before acting on it.

More from AK Steel

Jan 31, 2020ACQUISITIONUnited States
Cleveland-Cliffs to acquire AK Steel
AK Steel target Cleveland-Cliffs acquirer modernmetals.com clevelandcliffs.com dbusiness.com
Dec 3, 2019ACQUISITIONUnited States$1.10B
Cleveland-Cliffs to acquire AK Steel for $1.1B
AK Steel target Cleveland-Cliffs acquirer clevelandcliffs.com sec.gov startribune.com
Oct 28, 2019CONTRACTWest Chester, Ohio, United States
AK Steel enters licensing agreement with ArcelorMittal for ULTRALUME PHS steel
AK Steel ArcelorMittal partner globenewswire.com
Jul 3, 2017ACQUISITIONOntario, Alabama, Kentucky, United States$360.0M
AK Steel acquires Precision Partners for $360 million
AK Steel acquirer Precision Partners Holding Co. target globenewswire.com steelorbis.com nasdaq.com
Jun 30, 2017ACQUISITIONOntario, Canada$360.0M
AK Steel to acquire PPHC Holdings for $360 million
AK Steel acquirer PPHC Holdings target sec.gov

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