Cleveland-Cliffs Seeks to Raise $982.5 Million in Share Sale

Cleveland-Cliffs Inc. is seeking to raise as much as $982.5 million in a share sale, as the steel and iron-ore pellet producer seeks to pay down debt.

By Anthony Hughes, Millie Munshi · Bloomberg Markets

Cleveland-Cliffs Inc. is seeking to raise as much as $982.5 million in a share sale, as the steel and iron-ore pellet producer seeks to pay down debt.