Cleveland-Cliffs-AK Steel Combo to Create Iron-Ore-to-Finished-Steel Maker in Great Lakes Region

SUGAR LAND--December 4, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Iron-ore-pellets-producer Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) plans to acquire steel products producer AK Steel Holding Corporation (NYSE:AKS) (West Chester, Ohio) next year to create a vertically integrated iron ore and steel company, the two companies announced Tuesday. Combined, the two companies have more than $1.5 billion in project activity being tracked by Industrial Info, along with 18 U.S. plants.