Steel Mills
September 29, 2020
ArcelorMittal Repositions NAFTA Assets
Written by Sandy Williams
ArcelorMittal’s divestment of U.S. assets to Cleveland-Cliffs completes the company’s $2 billion asset portfolio optimization and strategically repositions its North American platform.
“This transaction is a unique opportunity for ArcelorMittal to unlock significant value for shareholders while retaining exposure to the North American economy through our high-quality NAFTA assets alongside a participation in what will be a stronger, better integrated, U.S. business,” said Chairman and CEO Lakshmi Mittal.
