Search results
Results from the WOW.Com Content Network
AK Steel Holdings Corporation was an American steelmaking company ... was acquired by Cleveland-Cliffs in 2020. AK Steel operated eight steel plants and two tube ...
Jul. 23—Cleveland-Cliffs Inc., formerly AK Steel, reported a record second quarter for the period ending June 30. The company, which acquired Middletown-based AK Steel for $1.1 billon in 2020 ...
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...
AK Steel Holding Corporation (NYSE: AKS ) has entered into a definitive merger agreement with Cleveland-Cliffs Inc (NYSE: CLF ), in which the latter will acquire all the shares of the steelmaker.
The deal will enable Cleveland-Cliffs (CLF) to transform into a vertically-integrated steel company that will likely boost profitability of both companies. Cleveland-Cliffs to Buy AK Steel in $1 ...
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion.
Cleveland-Cliffs operates every integrated steel mill: in East Chicago, Indiana, Burns Harbor, Indiana, and Cleveland, Ohio. [7] In 2020, Cleveland Cliffs acquired AK Steel Corporation along with its three integrated steel mills, one in Middletown, Ohio, Dearborn, Michigan and the other in Ashland, Kentucky.
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion.