# Cleveland-Cliffs to acquire Stelco for $3.4 billion

Stelco announced its acquisition by Cleveland-Cliffs in a transaction valued at $3.4 billion, with Stelco's headquarters remaining in Hamilton, Ontario. The deal is expected to close in Q4 2024.

- Type: Acquisition
- Announced: 2024-07-15
- Where: Hamilton, Ontario, Canada
- Value: $3.40B
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Stelco](https://endata.com/companies/25295.md) (target)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (acquirer)

## Sources

- [lesaffaires.com](https://www.lesaffaires.com/secteurs/manufacturier/le-siderurgiste-stelco-est-vendu-a-cleveland-cliffs-pour-34g/), 2024-07-15: "I know that Cliffs will continue to build on the excellent work and living environment we have created for all our employees."

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