Cleveland-Cliffs CEO Lourenco Goncalves said further consolidation of the steel industry would be beneficial for U.S. Steel and Cleveland-Cliffs, as it would result in more economies of scale. U.S.
In that scenario, Nippon’s bid was a solution to the Cleveland-Cliffs and ArcelorMittal (NYSE:MT) - another early bidder - proposals, which had faced several regulatory hurdles due to the two ...
with Cleveland-Cliffs (NYSE:CLF) -13.2%, Nucor (NYSE:NUE) -9.5%, Steel Dynamics (STLD) -8.4%, Commercial Metals (CMC) -7.1%, US Steel (X) -5%, ArcelorMittal (MT) -4.4% over the two trading sessions.