Monday that it will buy Canadian steelmaker Stelco for $2.5 billion., allowing the Cleveland company to add another 1,800 employees. Stelco has facilities in Hamilton and Nanticoke, Ontario.
Cliff’s CEO Lourenco Goncalves praised Stelco in a conference call for investors Monday morning, saying he has long admired what Stelco’s CEO Alan Kestenbaum has done to transform the Canadian company into a low-cost steelmaker. USW President David McCall also praised the sale in a news release, saying Cliffs “has a proven track record of making sure the union always has a seat at the table, and this deal was no different.”
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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
United Steelworkers, Sherrod Brown and Cleveland Cliffs call for level playing field in steel industryReporter at News 5 Cleveland
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