Materials/Manufacturing

Cleveland-Cliffs to Acquire ArcelorMittal USA for $1.4 Billion

Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement with ArcelorMittal USA to acquire substantially all of its operations for $1.4 billion. The transaction will make Cleveland-Cliffs, already a leading producer of electrical steel for motors and transformers, the largest flat-rolled steel producer […]

Materials/Manufacturing

Backed by ArcelorMittal and Nippon Steel, AM/NS Is New Face for Electrical Steel Production in India

Backed by the deep pockets and persistence of ArcelorMittal and Nippon Steel, AM/NS is emerging as the new face of Essar Steel in India, a large but insolvent manufacturer of electrical and other steel products that the two partners […]