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 Lourenco Goncalves has lined up financing for a US Steel takeover bid in the $8 billion range, bringing him closer to his longstanding goal of cornering the US steel industry, he told Semafor in an interview.

"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.

U. S. Steel has a merger agreement with Nippon Steel and remains committed to completing it. Only Nippon Steel’s partnership will deliver $55 per share to our shareholders and guarantee the significant capital investments and technology sharing needed to ensure a strong U. S. Steel for generations to come and protect jobs.

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.

Imitation is the sincerest form of flattery, and flattery is one of the quickest ways to Donald Trump's heart. Why it matters: That's the easiest way to understand what we saw yesterday from Cleveland-Cliffs CEO Lourenco Goncalves,

Former Secretary of State Mike Pompeo tore into the CEO of Ohio-based steel company Cleveland-Cliffs for controversial comments he made about Japan, comparing the remarks to those of U.S. adversaries.

It's a battle over U.S. Steel and the future of steelmaking in the region - with fiery words, the CEO of Cleveland-Cliffs said his company is once again trying to buy the company. "The United States of America,

Cleveland Cliffs CEO Lourenco Goncalves said on Monday that he wants to purchase U.S. Steel and reopen the Weirton, West Virginia plant that closed in 2024.

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.”