Goncalves says Cliffs still has interest in USS buy

Cleveland-Cliffs Inc. would still be interested in acquiring some or all of U.S. Steel’s assets if the proposed deal by Nippon Steel stumbles, according to an article in Bloomberg.

“If possible I will buy the entire thing, but my interest is laser-focused on the union-represented assets, 100%,” Cliffs’ Chairman, President, and CEO Lourenco Goncalves told Bloomberg in a phone interview on Thursday.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.