皇冠体育-皇冠体育斯进入废料业务并宣布收购

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皇冠体育——（皇冠体育官网商业资讯）——CLEVELAND- cliffs Inc.（“公司”）（纽约证券交易所代码：CLF）今天宣布，它已达成一项最终协议，收购Ferrous Processing and Trading Company，包括某些相关实体（“FPT”），企业总价值约为7.75亿美元，在无现金、无债务的基础上，并接受惯例调整（“FPT收购”）。FPT总部位于底特律，是皇冠体育官网最大的优质废铁加工商和分销商之一，约占国内优质废铁市场的15%。FPT目前每年处理约300万吨废料，其中约一半是优质品位。

FPT经营着22个废料处理设施，大约90%的收入来自其中西部地区，主要在密歇根州和俄亥俄州。在截至2021年8月31日的过去12个月中，FPT产生的EBITDA约为1亿美元。FPT已经在汽车和工业废料领域占据了巨大的地位，作为皇冠体育-皇冠体育斯的一部分，这一领域预计将会增长。FPT是2019年Fastmarkets年度废品公司的获奖者。

Cleveland-Cliffs董事长、总裁兼首席执行官Lourenco Goncalves表示：“Cleveland-Cliffs将通过收购一家大型废料公司，作为主要参与者进入废料行业。更重要的是，FPT在优质废料中占有非常重要的地位。随着所有新的平轧EAF产能在未来四年进入我们的市场，优质废料只会变得越来越稀缺。作为北美最大的扁钢供应商，皇冠体育-克利夫斯是制造设备中主要废钢的主要来源。此外，在我们的整个足迹中，皇冠体育-皇冠体育斯也在我们的eaf和bof中消耗了大量的废料。收购FPT将增强我们直接从客户那里回购优质废料的能力，减少中间商，提高废料对皇冠体育-皇冠体育斯和制造和服务中心客户的利润贡献，这些客户将能够直接向我们出售废料。”

交易的基本原理:

  • 由于公司目前没有增加额外炼钢产能的计划，因此可以优化现有eaf和bof的生产率
  • 扩大高品质铁原料组合，包括铁矿石球团，直接还原铁，现在主要废料
  • 立即获得大量优质废料，预计需求将大幅增长，而相应的供应增长有限或没有增长
  • 为皇冠体育斯创建了一个平台，利用长期的平板汽车和其他客户关系，建立回收合作伙伴关系，以扩大主要的废料存在
  • 进一步致力于以更清洁的材料组合进行环保、低碳强度的炼钢

此次收购已获得Cleveland-Cliffs董事会的批准，预计将于2021年第四季度完成，但须获得监管机构的批准并满足其他惯例成交条件。

有关收购FPT的演示幻灯片将在Cliffs的网站上发布。公司将在皇冠体育官网东部时间2021年10月22日上午10点举行的2021年第三季度收益电话会议上进一步详细讨论此次收购。

关于皇冠体育-皇冠体育斯公司

皇冠体育-克利夫斯是北美最大的扁钢生产商。皇冠体育斯成立于1847年，是一家矿山运营商，也是北美最大的铁矿石球团制造商。公司从开采原材料、直接还原铁到初级炼钢及下游精加工、冲压、工装、管材的垂直一体化。由于提供全面的扁钢产品，该公司服务于各种市场，是北美汽车行业最大的钢铁供应商。皇冠体育-克利夫斯总部位于俄亥俄州皇冠体育，在皇冠体育官网和加拿大拥有约25,000名员工，从事采矿，钢铁和下游制造业务。欲了解更多信息，请访问www.alphaetomega.net。

前瞻性陈述

This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: our ability to successfully complete the FPT Acquisition; disruptions to our operations relating to the COVID-19 pandemic, including the heightened risk that a significant portion of our workforce or on-site contractors may suffer illness or otherwise be unable to perform their ordinary work functions; continued volatility of steel and iron ore market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry, which has been experiencing a trend toward light weighting that could result in lower steel volumes being consumed; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity, oversupply of iron ore, prevalence of steel imports and reduced market demand, including as a result of the COVID-19 pandemic; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges, due to the COVID-19 pandemic or otherwise, of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; our ability to reduce our indebtedness or return capital to shareholders within the expected timeframes or at all, depending on market and other conditions; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and increasing governmental regulation, including climate change and other environmental regulation that may be proposed under the Biden Administration, and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws; limitations on our ability to realize some or all of our deferred tax assets, including our net operating loss carryforwards; our ability to realize the anticipated synergies and benefits of the FPT Acquisition and to successfully integrate the business of FPT into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees; additional debt we will incur in connection with the FPT Acquisition, as well as additional debt we incurred in connection with enhancing our liquidity during the COVID-19 pandemic, the merger with AK Steel Holding Corporation and the acquisition of ArcelorMittal USA LLC, may negatively impact our credit profile and limit our financial flexibility; known and unknown liabilities we will assume in connection with the FPT Acquisition; the ability of our customers, joint venture partners and third-party service providers to meet their obligations to us on a timely basis or at all; supply chain disruptions or changes in the cost or quality of energy sources or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap, chrome, zinc, coke and coal; liabilities and costs arising in connection with any business decisions to temporarily idle or permanently close a mine or production facility, which could adversely impact the carrying value of associated assets and give rise to impairment charges or closure and reclamation obligations, as well as uncertainties associated with restarting any previously idled mine or production facility; problems or disruptions associated with transporting products to our customers, moving products internally among our facilities or suppliers transporting raw materials to us; uncertainties associated with natural or human-caused disasters, adverse weather conditions, unanticipated geological conditions, critical equipment failures, infectious disease outbreaks, tailings dam failures and other unexpected events; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; disruptions in, or failures of, our information technology systems, including those related to cybersecurity; our ability to successfully identify and consummate any strategic investments or development projects, cost-effectively achieve planned production rates or levels, and diversify our product mix and add new customers; our actual economic iron ore and coal reserves or reductions in current mineral estimates, including whether we are able to replace depleted reserves with additional mineral bodies to support the long-term viability of our operations; the outcome of any contractual disputes with our customers, joint venture partners, lessors, or significant energy, raw material or service providers, or any other litigation or arbitration; our ability to maintain our social license to operate with our stakeholders, including by fostering a strong reputation and consistent operational and safety track record; our ability to maintain satisfactory labor relations with unions and employees; availability of workers to fill critical operational positions and potential labor shortages caused by the COVID-19 pandemic, as well as our ability to attract, hire, develop and retain key personnel; unanticipated or higher costs associated with pension and other postretirement benefit obligations resulting from changes in the value of plan assets or contribution increases required for unfunded obligations; and potential significant deficiencies or material weaknesses in our internal control over financial reporting. The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

有关影响皇冠体育-皇冠体育斯业务的其他因素，请参阅第一部分- 1A项。截至2020年12月31日的年度10-K表年度报告中的风险因素，以及向皇冠体育官网证券交易委员会提交的其他文件。

媒体联系人：Patricia Persico主任，全球通讯（216）694-5316

投资者联系人：James Kerr投资者关系经理（216）694-7719

资料来源：Cleveland-Cliffs Inc。

2021年10月11日上映