# Cleveland-Cliffs completes acquisition of ArcelorMittal USA

Cleveland-Cliffs Inc. completed the acquisition of substantially all operations of ArcelorMittal USA, forming the largest flat-rolled steel producer in North America. It also acquired Nippon Steel's remaining interests in I/N Tek and I/N Kote for $183 million, becoming sole owner.

- Type: Acquisition
- Announced: 2020-12-10
- Where: United States
- Value: $183.0M
- Status: completed
- Products: flat-rolled steel, automotive grade slabs
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md) (target)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (acquirer)
- [ArcelorMittal USA](https://endata.com/companies/50188.md) (target)

## Sources

- [steel-technology.com](https://www.steel-technology.com/pressreleases/cleveland-cliffs-inc-completes-acquisition-of-arcelormittal-usa), 2020-12-10: "The acquisition by Cleveland-Cliffs of ArcelorMittal USA, boosted by our buyout of Nippon Steel from the I/N Tek and I/N Kote joint ventures, opens a new chapter in the history of the steel business in the United States."
- [metalcenternews.com](https://www.metalcenternews.com/editorial/current-news/cliffs-completes-arcelormittal-usa-acquisition/44175), 2020-12-10: "The acquisition by Cleveland-Cliffs of ArcelorMittal USA, boosted by our buyout of Nippon Steel from the I/N Tek and I/N Kote joint ventures, opens a new chapter in the history of the steel business in the United States."

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