Cleveland-Cliffs CEO Lourenco Goncalves criticized the deadline extension keeping Nippon Steel's bid to acquire U.S. Steel alive months longer than originally intended.

Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") will announce its full-year and fourth-quarter 2024 earnings results after the U.S. market close on Monday, February 24, 2025.

The Clean Energy Buyer's Association found that by 2050, the U.S. steel industry will require 10 times as much electricity as it does now.

According to Ward, this could happen because the collapse of the deal on Friday leaves the backdoor open for domestic buyers – namely Ohio-based Cleveland-Cliffs, which offered to acquire U.S. Steel in July 2023 for less than half of the $14.9 billion ...

Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon ...

Bank of America Securities analyst Lawson Winder maintained a Hold rating on Cleveland-Cliffs (CLF – Research Report) today. The company’s

After Nippon Steel's bid was thwarted by the Biden administration, other American competitors are looking for an acquisition.

Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit filed earlier last week, U.S. Steel and Nippon say Cleveland-Cliffs conspired with the United Steelworkers Union to put pressure on Biden and the regulatory process to steer the deal back into its hands.

According to Ward, this could happen because the collapse of the deal on Friday leaves the backdoor open for domestic buyers – namely Ohio-based Cleveland-Cliffs, which offered to acquire U.S. Steel in July 2023 for less than half of the $14.9 billion ...

Cleveland-Cliffs CEO Lourenco Goncalves’ nearly two-hour news conference Monday afternoon was called to mark five years since he acquired Butler Works and the rest of AK Steel, taking what was a sprawling steelmaking plant on the brink of closure and giving it life well into the future.

U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was recently blocked by President Joe Biden.