Cleveland-Cliffs, a steel company based in Ohio, announced today that it has entered into an agreement to purchase the United States operations of ArcelorMittal. This acquisition includes the steel plant in Conshohocken (Plymouth Township).
According to a presentation released with the announcement, the transaction will make Cleveland-Cliffs the largest flat-rolled steel producer in North America with a fully-integrated raw material position and focus on value-added steels. The Conshohocken plant is listed in the presentation as a steel plate finishing facility with a capacity of 0.5 million tons annually.
The plant has a long history in the area and was originally owned by Alan Wood Steel. You can read the history of the plant and Alan Wood Steel here.