CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (the “Company”) (NYSE: CLF) announced today that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, ...

Iron miner and steelmaker Cleveland-Cliffs will purchase a scrap metal company for $775 million to help feed its electric arc furnaces. The company announced in a news release Monday morning that it ...

Company says its “fully integrated” business model has yielded profits and a strong balance sheet. Cleveland-Cliffs says it anticipates demand for prime ferrous scrap will grow by 40 percent by 2025.

Steelmaker’s executives say more ferrous scrap already being used and additional EAF capacity is being considered. “You reduce emissions melting scrap, instead of melting pig iron with 4 percent ...