Local steelworkers are holding out hope that the U.S. Steel sale with Nippon Steel goes through. This week Cleveland Cliffs CEO Lourence Goncalves offered to buy the Steel giant. The offer comes after President Joe Biden blocked a deal between U.
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 already initiated my investigation on how to import dogs from Japan," Cleveland-Cliffs CEO Goncalves said. "I'll go after him personally and I'll take his last penny, his house, his car and his dog.
The companies filed a separate lawsuit against Cleveland-Cliffs, Mr. Goncalves and David McCall, international president of the United Steelworkers union. They argue that Cleveland-Cliffs and the ...
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 help of North Carolina’s Nucor Steel.
In a second legal filing, the companies sued steelmaker Cleveland-Cliffs; Lourenco Goncalves, its chief executive; and David McCall, the president of the United Steelworkers union, for allegedly ...
The CEO of steelmaker Cleveland-Cliffs reiterated he still wants to acquire rival U.S. Steel, in a news conference filled with intense and vehemently anti-Japan rhetoric. Why it matters: This is the buyer that the United Steelworkers union wants,
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.”
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.
Cleveland-Cliffs CEO Lourenco Goncalves's comments come after President Biden rejected the merger between U.S. Steel and Nippon Steel.
United States Steel Corp. (NYSE:X) stock is trading higher Monday following a report that Cleveland-Cliffs Inc. (NYSE:CLF) will partner with Nucor Corp. (NYSE:NUE) to make a potential bid to acquire the company.