09
Mar
20:32
Cleveland-Cliffs may close AK Steel electrical mills
Cleveland-Cliffs ceo Lourenco Goncalves told a committee of the US Congress last week that it may be forced to close new subsidiary AK Steel's Butler, Pennsylvania, and Zanesville, Ohio, operations, Kallanish reports.
Goncalves argues that unless Cleveland-Cliffs receives Section 232 tariff relief, the company will be forced to close the AK Steel mills. Cleveland-Cliffs will formally acquire AK Steel for approximately $1.1 billion in stock on 13…
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Anonymous
Very good overview of the weekly steel market.
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