Cleveland-Cliffs Acquires North American Steel Leader Stelco
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Cleveland-Cliffs Acquires North American Steel Leader Stelco

Story Highlights
  • Cleveland-Cliffs Inc. has acquired Stelco Holdings Inc. to strengthen its steel industry position.
  • Stelco has shown impressive growth, paying large dividends and buying back shares before the acquisition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stelco Holdings Inc (TSE:STLC) has released an update.

Cleveland-Cliffs Inc. has successfully acquired Stelco Holdings Inc., a prominent North American steel manufacturer, in a strategic move to bolster its position in the steel industry. Stelco’s leadership has expressed pride in the company’s growth and financial achievements, including significant dividends and share buybacks. The acquisition is seen as a continuation of Stelco’s legacy under the guidance of Cleveland-Cliffs’ leadership.

For further insights into TSE:STLC stock, check out TipRanks’ Stock Analysis page.

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