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.

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.

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 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.

Cleveland-Cliffs CEO Lourenco Goncalves's comments come after President Biden rejected the merger between U.S. Steel and Nippon Steel.

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.

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 said he wants to make an "all-American solution" bid to save U.S. Steel.

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

Cliffs President and CEO Lourenco Goncalves, who is also the board chair, said in a statement that Cronin's "longstanding experience with accounting and financial matters" will "enable her to provide valuable insight" as a Cliffs director. With the addition of Cronin, the Cliffs board has 10 members, nine of whom are independent directors.

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