Cleveland-Cliffs could rename, relocate if it acquires U.S. Steel
There is only one Fortune 500 Company with "Cleveland" in its name. Why it matters: Maybe not for long. Driving the news: Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.
Cleveland-Cliffs CEO Speech Holds Some Gems for U.S. Steel Investors
Cleveland-Cliffs CEO Lourenco Goncalves said a lot in a lengthy Monday press conference. Amid the rhetoric was some hope for U.S. Steel investors.
If Cleveland-Cliffs acquires US Steel, its CEO says the headquarters of the new company would be in Pittsburgh
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.
Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails
The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.
Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’
There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.
Cleveland-Cliffs CEO threatens to take house, car and dog of Nippon Steel CEO in court
"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.
Cleveland-Cliffs CEO renews efforts to purchase U.S. Steel - "I have an all-American solution."
In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant.
Cleveland-Cliffs Eyes All-Cash Purchase of U.S. Steel
After Nippon Steel's bid was thwarted by the Biden administration, other American competitors are looking for an acquisition.
Cleveland-Cliffs CEO believes U.S. Steel can stand on its own but would benefit from consolidation
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 and Nucor Consider Joint US Steel Bid
Cleveland-Cliffs Inc. is partnering with Nucor Corp. to weigh a potential joint bid for United States Steel Corp., according to a person familiar with the matter. Cliffs’ top boss later confirmed his interest in the American steelmaker at a press event.
Cleveland-Cliffs renews effort to purchase U.S. Steel
In a fiery press conference, the Cleveland-Cliffs CEO vowed to renew his efforts to purchase U.S. Steel following the blocking of the sale of the Pittsburgh company to Japan-based Nippon Steel. KDKA's Andy Sheehan has more on this story.
Cleveland-Cliffs CEO blames US 'weakness' for keeping Nippon deal alive, putting wrench in rival bid plans
Cleveland-Cliffs CEO Lourenco Goncalves criticized the deadline extension keeping Nippon Steel's bid to acquire U.S. Steel ...
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'All-American solution': Bid for U.S. Steel in the works, Nucor part of the deal
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday, Jan. 13, 2025, that ...
Jim Cramer on Cleveland-Cliffs’ (CLF) Steelco Deal: ‘Stock Has Fallen And The Pricing In Steel Has Changed Rather Dramatically’
We recently published an article titled Jim Cramer Discussed These 21 Stocks As Bond Yields Soared. In this article, we are ...