​US Steel Rises As Cleveland-Cliffs CEO Reaffirms Interest Amid Reports Biden Prepares To Nuke Nippon-US Steel Deal – Tyler Durden

US Steel Rises As Cleveland-Cliffs CEO Reaffirms Interest Amid Reports Biden Prepares To Nuke Nippon-US Steel Deal Cleveland-Cliffs CEO Lourenco Goncalves appeared on CNBC Thursday. He stated that Japan’s Nippon Steel’s $14.9 billion deal for US Steel had already fallen apart and reiterated that his Ohio-based steel company was the only viable buyer. This follows reports that President Biden is preparing to block the Nippon-US Steel merger. CNBC’s Morgan Brennan asked Goncalves if Cleveland-Cliffs would still entertain purchasing US Steel if the Nippon-US Steel deal falls apart. He responded, “This deal has already fallen …” But stopped short.  Goncalves continued:  “So, it was the most…  — Continue at ZeroHedge News : Read More