18
Nov
18:58
Cleveland-Cliffs closes on Ferrous Processing acquisition
US flat-rolled and iron ore producer Cleveland-Cliffs has closed on its previously announced $775 million purchase of Ferrous Processing and Trading Company (FPT).
“The way the scrap business historically worked has now changed for good. With our closing of the FPT acquisition today, we are now immediately focused on amplifying the value of what we believe is the next precious metal,” comments Cliffs president and ceo Lourenco Goncalves in a news relea…
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Anonymous
Very good overview of the weekly steel market.
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