JP Morgan, alongside Wells Fargo and Moelis & Company LLC, has advised Cleveland-Cliffs Inc. on its strategic acquisition of Stelco Holdings Inc. for approximately USD $2.5 billion.
This deal marks a significant expansion for Cleveland-Cliffs, doubling its exposure to the flat-rolled spot market and reinforcing its position as a leader in North American steel production.
Under the acquisition terms, Stelco
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7 Bell Yard, London, England, WC2A 2JR
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