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    Market Segment

    January 14, 2025

    Cleveland-Cliffs CEO seeks 'American solution' for U.S. Steel

    Written by Stephanie Ritenbaugh

    Calling it an all-American solution, the CEO of Cleveland-Cliffs said he would continue to pursue a deal with U.S. Steel since President Joe Biden has blocked the merger with Japan’s Nippon Steel.

    During a wide-ranging, sometimes heated press conference at Cliff’s Butler Works in Butler, Pa., Monday to celebrate the 5-year anniversary of Cliff’s acquisition of AK Steel, Cliffs’ President and CEO Lourenco Goncalves said he spoke with Pennsylvania Gov. Josh Shapiro Monday morning to say, “We have an American solution to save United States Steel Corporation.”

    Stephanie Ritenbaugh

    Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

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