Cleveland-Cliffs Inc

Mar. 13 -- Cleveland-Cliffs Inc. Completes Acquisition of AK Steel

Cleveland-Cliffs Inc. announced that it has successfully completed the acquisition of AK Steel Holding Corporation, integrating North America’s largest producer of iron ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry.  The combined company will be led by Chairman, President and Chief Executive Officer Lourenco Goncalves.

Cleveland-Cliffs will remain headquartered in Cleveland, Ohio and will maintain an AK Steel office in West Chester, Ohio.  AK Steel will maintain its name and brand identity. The new Company employs nearly 12,000 people across mining and steel manufacturing operations in the United States, Canada and Mexico, and distribution facilities in Western Europe.

The complete news release and a fact sheet explaining the new Cleveland-Cliffs are available for download.

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200 Public Square, Suite 3300, Cleveland. OH 44114-2544 - Phone: 216-694-5700