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Cleveland-Cliffs, in bid to boost auto steel business, to buy ArcelorMittal USA for $1.4 billion

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.
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Farley takes the reins as Ford aims to evolve with the industry

After the bumpy tenures of Ford's last two CEOs, Jim Farley takes over the automaker this week with a number of high-profile EVs on tap and the task of navigating a quickly changing industry without losing sight of Ford's big profit areas.
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