Steel Giant Cleveland Cliffs Will Enter the Scrap Business. The Stock Rises Sharply.

3 years ago 286

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/cleveland-cliffs-stock-scrap-acquisition-51633970295


Oct. 11, 2021 12:38 p.m. ET

  • Order Reprints
  • Print Article

North America’s largest alloy producer, Cleveland-Cliffs, announced Monday it was acquiring Ferrous Processing and Trading Co., a metallic recycler, successful a woody with an endeavor worth of $775 million.

Shares of Cleveland-Cliffs (ticker: CLF) were rising much than 6% to $21.88 connected Monday.

The woody marks Cleveland-Cliffs introduction into the scrap metal...


Read Entire Article