Cleveland-Cliffs is introducing a new line of non-oriented electrical steels for high frequency motors and generators in the North American market. The MOTOR-MAX High Frequency Non-Oriented Electrical Steels (HF NOES) are designed for high-speed motors, […]
Calling steel “the next precious metal”, Cleveland-Cliffs, a major producer of electrical steel for motors and transformers, has acquired Ferrous Processing & Trading Company. The scrap steel recycler adds a new dimension to the relentless […]
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 […]
Having closed on his company’s $3 billion acquisition of AK Steel, Cleveland-Cliffs CEO Lourenco Goncalves is wasting no time seeking change to U.S. trade policies that he says unfairly hurt the steel maker’s business as a […]
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