Page 36 - Cliffs Inc News Today

The steelmaker's statement came after the USW said it would only back Cleveland-Cliffs as a suitor for the company. The union said "Cliffs has shown itself to be an outstanding employer to all of its workers."

ArcelorMittal, the worlds second-largest steelmaker, is said to be considering a bid for US Steel Corp, an American icon founded in 1901 and a symbol of American industrialization. A bid for US Steel would escalate a bidding war already underway, following rival offers of more than $7 billion from Cleveland-Cliffs and Esmark. If ArcelorMittal launches a bid and is successful, it will close an important chapter in American history.

A determination on the standing and merits of an appeal filed by Mesabi Metallics over state mineral leases awarded to Cleveland-Cliffs, Inc. wont be reviewed until fall or winter.

The U.S. set preliminary tariffs of more than 100% on tin-plated steel products from China, along with smaller duties on imports from Canada and Germany.

By Bianca Flowers (Reuters) - United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal's bid consideration for ...

The combination would reverse ArcelorMittal's retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc in 2020 for $1.4 billion to focus on growing markets such as India and Brazil

ArcelorMittal considering a new offer from US Steel Corp, which could reverse its retreat from the US.

"I love some drama," Stephen Weiss of Short Hills Capital Partners said on CNBC’s "Halftime Report Final Trades."

The Pittsburgh-based company is exploring its options amid acquisition offers from other industry players.

Ohio GOP Senator JD Vance sent a letter to U.S. Steel calling on the storied American company to reject any buyout offers from foreign entities.