Joint bid for U.S. Steel assets would have Cleveland-Cliffs acquiring blast furnace mills and Nucor taking over Big River Steel, according to CNBC and Bloomberg. Reports published online are ...
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Cleveland Cliffs fears competition, not foreign investmentThe Mon Valley works needs a lot of investment that Cleveland Cliffs will not do — they have other blast furnaces, casters, and finishing mills that are in much better shape. They closed the ...
Should Trump proceed with the new tariffs next month, U.S. steelmakers still face headwinds. Benchmark prices were down 38% ...
They are cheaper and emit less carbon than blast furnaces, which the steel industry has shifted away from. News about the potential bid by Cleveland-Cliffs and Nucor for US Steel was first ...
CLEVELAND — Nippon Steel and U.S. Steel ... Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley ...
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs ... says its ability to invest in U.S. Steel’s aging blast furnace plants in Pennsylvania and Indiana will boost the ...
(Bloomberg) -- Cleveland-Cliffs Inc. is partnering with ... partner for US Steel that can keep the company intact and the blast furnaces running, protect jobs, and deliver the technology and ...
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