Hamilton-based steel maker Stelco Holdings Inc. is set to be acquired by Cleveland-Cliffs Inc. for $3.4 billion. Rolls of coiled coated steel are shown at Stelco in Hamilton on Friday, June 29, 2018. THE CANADIAN PRESS/Peter Power

Stelco sold to Cleveland-Cliffs for $3.4 billion, headquarters to remain in Hamilton

by The Canadian Press July 15, 2024

written by The Canadian Press July 15, 2024

Hamilton, Ont.-based steel maker Stelco Holdings Inc. is set to be acquired by Cleveland-Cliffs Inc. for $3.4 billion. Stelco says it has agreed to sell all issued and outstanding common shares for $70 per share to the Cleveland-based steel producer. Stelco chief executive Alan Kestenbaum says he is...

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Stelco sold to Cleveland-Cliffs for $3.4 billion, headquarters to remain in Hamilton

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