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Cleveland-Cliffs, which tried and failed to acquire U.S. Steel in 2023, now sees a new opening to take over the century-old company. In a Monday press conference , Goncalves said he was prepared ...
Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a news conference. “I ...
The news of import tariffs would make U.S. Steel more expensive but also gives Cleveland-Cliffs more flexibility to raise cash through an equity offering or to make a stock-based deal to acquire U ...
(The Center Square) – An Ohio-based company won’t give up on its quest to merge with U.S. Steel. According to multiple media outlets, Cleveland-Cliffs wants to buy the iconic company with the ...
US Steel's stock jumped on the news last December that Nippon wanted to buy the company for twice the Cleveland-Cliffs offer. Then the stock dove in March, when Biden suggested his opposition.
The nation’s automakers objected, too, writing to the White House to say a Cleveland Cliffs-US Steel deal would place 65% to 90% of steel used in vehicles under the control of a single company.
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The iron ore miner benefits from an analyst upgrade, keeping up its momentum.