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Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s automakers ...
Since then, Cleveland-Cliffs has been using whatever leverage it can find to get the federal government to block Nippon Steel's $14.9 billion purchase of U.S. Steel—because if Nippon's purchase ...
Even if another domestic rival like Nucor Corporation or Cleveland-Cliffs expressed interest in acquiring some or all of U.S. Steel, antitrust concerns could quash possible transactions.
The Cleveland-Cliffs offer may not be a fallback, either. In July, Cleveland-Cliffs announced plans to buy Canadian steelmaker Stelco for $2.8 billion — with the union’s blessing. That may ...
Cleveland-Cliffs (NYSE: CLF) Q3 2024 Earnings Call Nov 05, 2024, 8:30 a.m. ET. Contents: ... In other news, each one of our three key strategic projects continues to progress well. We have ...
Cleveland-Cliffs was a suitor for U.S. Steel and also opposes the deal with Nippon. ... the letter cited a February USW news release in which the union leader stated, "Today we received personal ...
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...
On Monday, ArcelorMittal SA (NYSE: MT) announced the sale of nearly all of its U.S. steel-making assets to Cleveland-Cliffs Inc (NYSE: CLF) for $1.4 billion. The deal will make Cleveland-Cliffs ...