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Cleveland-Cliffs Completes Acquisition of AK Steel

CLEVELAND–(BUSINESS WIRE)– Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed the acquisition of AK Steel Holding Corporation, integrating North America’s largest producer of iron ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry. The combined company will be led by Chairman, President and Chief Executive Officer Lourenco Goncalves. “This is a …

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Hibbing Taconite to idle operations on May 3, expects to resume in early Jul

It was reported that a Hibbing Taconite, a joint-venture of ArcelorMittal, US Steel, and Cleveland-Cliffs, would suspend its operations of iron ore mine and pellet processing plant on May 3rd and expected to resume the operations at least on July 6th. It was said that about 650 workers would be laid off as a result of poor steel demand in …

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