What is ArcelorMittal called now?
Is ArcelorMittal a US company?
ArcelorMittal S.A. ArcelorMittal S.A. is a multinational steel manufacturing corporation headquartered in Luxembourg City.
Is ArcelorMittal being sold?
Under the terms of the sale, ArcelorMittal has received $505 million cash, 78 million shares of Cleveland-Cliffs common stock and non-voting preferred stock which is redeemable for approximately 58 million shares of Cleveland-Cliffs common stock or an equivalent amount in cash[1].
Is ArcelorMittal owned by Cleveland-Cliffs?
Cleveland-Cliffs Inc. successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries, forming the largest flat-rolled steel producer in North America.