Cleveland-Cliffs Buying Canadian Steel Co. Stelco For $2.5B

By Al Barbarino ( July 15, 2024, 11:44 AM EDT) -- Cleveland-Cliffs Inc. said Monday it has agreed to purchase Canadian steelmaker Stelco Holdings Inc. at an enterprise value of $2.5 billion, a deal that comes after the Ohio-based steel company's contentious failed bid to buy U.S. competitor U.S. Steel last year. ...

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