# ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs

ArcelorMittal is in talks to merge its U.S. assets, valued between $2 billion and $3 billion, with Cleveland-Cliffs. The deal would follow Cleveland-Cliffs' acquisition of AK Steel for $3 billion in March 2020.

- Type: Acquisition
- Announced: 2020-09-27
- Where: United States
- Value: $2.50B
- Status: rumored
- Products: flat-rolled carbon steels, stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (target)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (acquirer)

## Sources

- [wallstreetreporter.com](https://www.wallstreetreporter.com/2020/09/27/exclusive-arcelormittal-in-talks-to-merge-u-s-assets-with-cleveland-cliffs/), 2020-09-27: "It would come after Cleveland-Cliffs acquired AK Steel, a U.S. maker of flat-rolled carbon steels, including stainless steel, for $3 billion, including debt, last March."

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