Cleveland-Cliffs Passes U.S. Department of Justice Antitrust Review for Stelco Acquisition

Cleveland-Cliffs Successfully Completes Antitrust Review by U.S. Department of Justice for Stelco Acquisition

Cleveland-Cliffs has received clearance from the U.S. Department of Justice regarding its acquisition of Stelco. This important step allows the company to move forward with the acquisition without any further antitrust concerns. The review process aimed to ensure that the merger would not substantially lessen competition in the market. With this approval, Cleveland-Cliffs is poised to enhance its operations and expand its capabilities in the steel production industry. The acquisition aligns with the company’s strategic vision and growth objectives, marking a significant milestone in its ongoing development.