Home Business ArcelorMittal weighs possible bid for US Steel – Reuters News Agency

ArcelorMittal weighs possible bid for US Steel – Reuters News Agency

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ArcelorMittal weighs possible bid for US Steel – Reuters News Agency

Business & FinanceDeals

Reuters exclusively reported that ArcelorMittal SA (MT.LU), the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp (X.N). The combination would reverse ArcelorMittal’s retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc (CLF.N) in 2020 for $1.4 billion to focus on growing markets such as India and Brazil. 

Market Impact

The combination would reverse ArcelorMittal’s retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc (CLF.N) in 2020 for $1.4 billion to focus on growing markets such as India and Brazil. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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