Cleveland-cliffs completes acquisition of ferrous processing and trading company

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) announced today that it has successfully completed the acquisition of ferrous processing and trading company, including certain related entities (“fpt”). the final necessary regulatory clearances in connection with the transaction were obtained on november 17. fpt is now a wholly owned subsidiary of cleveland-cliffs inc. fpt, which was recently awarded fastmarkets' 2021 scrap company of the year, is a leading prime ferrous scrap proc
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