Skip to Content

Cliffs clears another hurdle in ArcelorMittal USA acquisition

Remaining Ad Time Ad - 00:00

CLEVELAND, OH -- Cleveland-Cliffs has passed another checkpoint on its way to buying out ArcelorMittal USA.

According to Cliffs, the company has received antitrust clearance from the Federal Trade Commission for its $1.4 billion acquisition of ArcelorMittal USA.

In a statement, the company said this move represents the most significant milestone toward completing the acquisition, which Cliffs anticipated will be finished this month.

The buyout means Cleveland-Cliffs will take over operations at the Minorca mine in Virginia and Hibbing Taconite.

The company already runs Northshore Mining in Babbitt and Silver Bay and United Taconite in Forbes.

Kristen Vake

Anchor, Reporter

Skip to content