The Globe and Mail reports in its Wednesday edition that Cleveland-Cliffs' proposed acquisition of Stelco Holdings is likely to get the nod from Ottawa, industry experts say. The Globe's Niall McGee writes that the Cleveland-based steel company on Monday announced it had reached a friendly deal to acquire Stelco for $3.85-billion. Stelco is the biggest steelmaker in the country. Founded in 1910 as the Steel Company of Canada, it operates the Lake Erie Works steel plant and Hamilton Works, both in Ontario. Industry Minister Francois-Philippe Champagne will scrutinize the deal to make sure there are no national-security concerns and that it makes economic sense for Canada under a net benefit test. Cleveland-Cliffs is based in the United States, one of this country's closest allies, so national security is not expected to be an issue. On the net benefit front, Cleveland-Cliffs has already made a number of economic promises, including a pledge to preserve union jobs, putting Canadians in management, investing at least $60-million over the next three years back into the business, keeping Stelco's headquarters in Hamilton and retaining the Stelco name. Stelco over the years has drifted in and out of creditor protection.