M&A

Cleveland-Cliffs said it welcomes blocking of US Steel deal

US President Biden is rumoured to have made the decision to block the takeover

Sintering machine on steel mill. Credit: iStock/Elena Bionyshe

Sintering machine on steel mill. Credit: iStock/Elena Bionyshe

Cleveland-Cliffs said it would applaud a decision by US President Joe Biden to block the takeover of US Steel by Japan's Nippon Steel, adding it's ready to step in if US Steel shuts down any union-represented...

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