Steel Mills

Cliffs names Bloom to board of directors
Written by Ethan Bernard
January 3, 2024
Cleveland-Cliffs has appointed private-equity executive Ron Bloom to its board of directors, effective immediately.
Bloom, also a labor and political advisor, is the 11th member of Cliffs’ board. Ten are independent advisors, Cliffs said. Bloom is currently a managing partner and vice chair of Brookfield Asset Management’s Private Equity Group.
“We are honored to welcome Ron Bloom to our board of directors,” Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement on Wednesday.
“Ron’s distinguished career represents the Cleveland-Cliffs culture perfectly, which includes fierce negotiating skills, fighting for the resilience of American manufacturing, and a deep appreciation for organized labor and a thriving middle class,” Goncalves added.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant

ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.

Nucor’s Topalian lauds Trump’s trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.

SSAB reports higher production, shipments
But profits slipped vs. last year.

Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.