October 20, 2020

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ArcelorMittal sells the American subsidiary Het kup

ArcelorMittal sells the American subsidiary Het kup

The steel producer ArcelorMittal is selling its American activities to its American competitor Cleveland-Cliffs. The sale has a volume of around 1.4 billion dollars (1.2 billion euros). This is what makes Cleveland Cliffs famous.

A definitive agreement has been reached to acquire ArcelorMittal USA, according to Cleveland-Cliffs.

In 2018 and 2019, ArcelorMittal USA achieved average annual sales of 10.4 billion US dollars.