Cleveland-Cliffs, in bid to boost auto steel business, to buy ArcelorMittal USA for $1.4 billion Cleveland-Cliffs, in bid to boost auto steel business, to buy ArcelorMittal USA for $1.4 billion September 28, 2020 dzadmin Comments 0 Comment The deal comes as U.S. steel prices recover, driven by tightening supply after lockdowns hurt demand. The assets being acquired include six steelmaking facilities, three coal and coke-making operations and several other facilities.