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    Market Segment

    January 26, 2024

    Cleveland-Cliffs came close to acquiring U.S. Steel

    Written by Laura Miller

    A Jan. 24 SEC filing by U.S. Steel Corp. reveals further details about the company’s strategic review process.

    Discussions of a sale began in March 2023 when an unnamed company approached the iconic Pittsburgh-based steelmaker regarding the potential for a merger. When other parties also came forward with unsolicited offers, U.S. Steel decided in August to initiate a formal process for considering a sale.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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