Cleveland-Cliffs Inc. completes acquisition of ArcelorMittal USA

Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries, forming the largest flat-rolled steel producer in North America. On a full-year 2019 basis, the combined Company generated pro-forma revenues of approximately $17 billion and combined adjusted EBITDA of approximately $1.7 billion, including previously disclosed expected synergies.

Read more at Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA.

Leave a Reply

arrow
%d bloggers like this: