Stelco Holdings Inc (TSE:STLC) has released an update.
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Stelco Holdings Inc. has received approval from the Canadian Competition Bureau for its acquisition by Cleveland-Cliffs, with the transaction expected to close in Q4 2024. Stelco, known for its cost-efficient, advanced steelmaking in North America, caters to diverse industries including automotive and construction. This strategic move will pave the way for the company’s enhanced market reach and operational capabilities.
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