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Reuters reveals ArcelorMittal in talks to merge U.S. assets with Cleveland-Cliffs

Reuters broke the news that ArcelorMittal SA, the world’s largest steelmaker, is exploring a deal to merge its U.S. operations with Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets. The combination would signal a new push among steelmakers to consolidate and diversify their business, making it less vulnerable to swings in demand.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: AmericasAsia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text