Tag: us steel

ArcelorMittal, the world's second-largest steelmaker, is considering a potential offer for US Steel, three people familiar with the matter said on Wednesday.The combination would reverse ArcelorMittal's retreat from the US as a production base after it sold most of its operations to Cleveland-Cliffs in 2020 for $1.4 billion to focus on growing markets such as India and Brazil. ArcelorMittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, the sources said. If it does launch a...