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 […]


Cleveland-Cliffs Acquires AK Steel and Pursues Change to U.S. Trade Policies on Laminations, Transformer Cores & Electrical Steel

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 […]


Waelzholz High-Strength Electrical Steel Strip with Precisely Defined Magnetic Properties Showcased at CWIEME Berlin

Waelzholz GmbH & Co. showcased its electrical steel strip grades with precisely defined magnetic properties at CWIEME held in Berlin in May, particularly its stress-bearing high-strength and ultra-high-strength grades for use in high-frequency automotive drives.  Due to their high engine speeds, electric […]