“It's about Pennsylvania's livelihood ... To eliminate competition and steer the sale to Cleveland-Cliffs, which offered to buy U.S. Steel in July 2023 for less than half the price. “I’m not saying Cleveland-Cliffs is a bad company, but they ...
Cleveland-Cliffs Inc. CEO Lourenco Goncalves says he has an "all-American solution" in place to buy United States Steel Corp. if a deal with Nippon Steel is abandoned.
The CEO of American-owned and operated Cleveland Cliffs says he’s putting in a bid to buy U.S. Steel. He says it’s not a matter of if, but rather when.
Cleveland-Cliffs CEO Lourenco Goncalves's comments come after President Biden rejected the merger between U.S. Steel and Nippon Steel.
Republicans and Democrats in the state Senate and House of Representatives — are joining together in a new group called the Pennsylvania Competitiveness Caucus.
Cleveland-Cliffs began the takeover drama in the summer of 2023 by making a $7.3 billion bid to buy U.S. Steel.
Cleveland-Cliffs CEO Lourenco Goncalves said further consolidation of the steel industry would be beneficial for U.S. Steel and Cleveland-Cliffs, as it would result in more economies of scale. U.S. Steel's Clairton Coke Works Plant for instance could supply Cleveland-Cliffs' Indiana Harbor Works and Burns Harbor Works steel mills in Northwest Indiana,
Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its attempted merger with Japan’s Nippon Steel fails for good. “We have an all-American solution,
I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers,” said Cleveland-Cliffs CEO Lourenco Goncalves.