Jul 15, 2024ACQUISITIONOntario, Canada Cleveland-Cliffs to acquire Stelco for $2.5B
Cleveland-Cliffs entered a definitive agreement to acquire Stelco Holdings for approximately USD $2.5 billion (CAD $3.4 billion) enterprise value, adding Stelco's two Ontario steelmaking sites.
Capacity
2.6 million net tons of flat-rolled steel annually
Productsflat-rolled steelhot-rolled steel
“Cleveland-Cliffs Inc. is pleased to announce that it has entered into a definitive agreement to acquire Stelco Holdings Inc.”clevelandcliffs.com
- 3 sources
- clevelandcliffs.comCleveland-Cliffs Announces the Acquisition of Stelco :: Cleveland-Cliffs Inc. (CLF)Jul 15, 2024
- steelorbis.comCleveland-Cliffs to acquire Canadian steelmaker StelcoElif KefeliJul 16, 2024
- buildsteel.orgCleveland-Cliffs Announces the Acquisition of Stelco, Doubling Its Flat-Rolled Spot Market Exposure - BuildSteel.orgAug 13, 2024
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