A former steel mill site in East Chicago has been purchased by a Chicago investment firm.
Steelmaker Cleveland-Cliffs Inc. announced Dec. 9 it closed its $1.4 billion purchase of ArcelorMittal USA LLC.
Steelmaker Cleveland-Cliffs Inc. has entered into a definitive agreement with ArcelorMittal S.A. to buy all operations of ArcelorMittal USA LLC and its subsidiaries in a deal estimated at $1.4 billion.
A Department of Energy grant will be used by ArcelorMittal Global Research and Development in East Chicago to develop a more energy-efficient and cleaner steelmaking process. The company announced it was awarded a share of a $1.2 million High Performance Computing for Manufacturing Program grant, aimed at solving key manufacturing challenges in steelmaking and aluminum […]
ArcelorMittal USA will take over as managing partner for Hibbing Taconite Co., an iron ore mining operation in Hibbing, Minn., effective Aug. 12. Ownership of the 8-million-ton capacity iron ore property remains unchanged, including ArcelorMittal’s majority ownership stake, ArcelorMittal said in a statement. There are no anticipated changes to production volumes or operating plans. US […]
ArcelorMittal announced Nov. 2 it reached a tentative agreement with the United Steelworkers on a new, four-year labor contract covering approximately 12,000 USW-represented employees at 11 of ArcelorMittal USA’s operations in Indiana, Illinois, Minnesota, Ohio, Pennsylvania and West Virginia. “We are pleased to have a new, tentative agreement with our partners at the USW and […]
ArcelorMittal USA’s impact on the country and Northwest Indiana remains strong, according to its latest corporate responsibility and sustainability report. The company has issued the report annually since 2009 to showcase its contributions to the economy as well as the communities where it operates. ArcelorMittal has a presence in 14 states and employs about 18,000 […]