Published 09/06/2024 4:01:00 a.m.

Cleveland Cliffs offers to buy unionized mills US Steel is threatening to close

US Steel threatens to close several mills if the Biden administration blocks its sale to Nippon Steel. Cleveland Cliffs proposes to buy those mills if President Joe Biden intervenes.
Cleveland Cliffs previously made an $8.3 billion offer for US Steel, which the union supported, but it was rejected. Automakers preferred the Nippon deal citing control concerns.
Cleveland Cliffs claims it has financing ready to purchase the mills threatened with closure, stating the situation must be addressed promptly.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

CNN

Cleveland Cliffs offers to buy unionized mills US Steel is threatening to close

US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal.

09/06/2024 2:14:15 p.m.·Atlanta, United States

Read Full Article

KIFI

Cleveland Cliffs offers to buy unionized mills US Steel is threatening to close

By Chris Isidore, CNN New York (CNN) — US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal. This week US Steel said it would be forced to shut down the mills represented by the United Steelworkers union if it doesn’t get the $2.7 billion in in…

09/06/2024 2:14:15 p.m.·Idaho Falls, United States

Read Full Article

KRDO

Cleveland Cliffs offers to buy unionized mills US Steel is threatening to close

09/06/2024 2:14:15 p.m.·Colorado Springs, United States

Read Full Article

The Times of Northwest Indiana

Cleveland-Cliffs vows to buy any union mills U.S. Steel closes over foreign ownership issue

U.S. Steel responded that it may pursue legal action to salvage the merger with Japan's Nippon Steel and warned if the deal collapses it may shift away from integrated steelmaking.

09/06/2024 7:30:00 p.m.·Cherokee County, United States

Read Full Article