Steel Giant Cleveland Cliffs Will Enter the Scrap Business. The Stock Rises Sharply.

Cleveland-Cliffs is acquiring Ferrous Processing and Trading Co., a metal recycler, in a deal with an enterprise value of $775 million.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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