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MT Arcelor Mittal New

25.65
0.58 (2.31%)
Pre Market
Last Updated: 12:47:43
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcelor Mittal New NYSE:MT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.58 2.31% 25.65 4,561 12:47:43

Cleveland-Cliffs Shares Rally on ArcelorMittal Deal

28/09/2020 3:15pm

Dow Jones News


Arcelor Mittal (NYSE:MT)
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By Colin Kellaher

 

Shares of Cleveland-Cliffs Inc. rose nearly 9% on Monday after the iron-ore mining company agreed to buy the U.S. business of steel giant ArcelorMittal S.A. for about $1.4 billion.

The Cleveland company said the deal will make it North America's largest producer of flat-rolled steel and iron-ore pellets.

Cleveland-Cliffs also will assume liabilities valued at about $2 billion.

Cleveland-Cliffs shares were recently up 8.7% to $6.39. ArcelorMittal American depositary receipts were up 7.8% to $13.03.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 28, 2020 10:00 ET (14:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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