Cliffs celebrates $100M upgrade to Minnesota iron ore plant
SILVER BAY, Minn. (AP) - Cleveland-Cliffs has spent more than $100 million to upgrade its giant plant in Silver Bay to produce a purer form of iron ore pellets that it says will ensure the long-term...
View ArticleAs headwinds mount for steelmakers, Cleveland-Cliffs buys AK Steel for $1...
NEW YORK (AP) - As headwinds mount for steelmakers, Cleveland-Cliffs buys AK Steel for $1 billion.
View ArticleCleveland-Cliffs buying AK Steel in $1.1B stock deal
CLEVELAND (AP) - Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion.The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s...
View Article2020 has been transformational year for Iron Range mining
VIRGINIA, Minn. (AP) - When Lourenco Goncalves took the helm as CEO of Cliffs Natural Resources in 2014, he inherited a ore boat’s load of a mess: billions in debt, a declining reputation and a...
View ArticleU.S. Steel is reviewing 'numerous' buyout offers
After receiving two buyout offers in the past month, U.S. Steel said Tuesday it is in the process of reviewing multiple offers for the storied company and symbol of American industrialization.U.S....
View ArticleFurther consolidation of U.S. steel production would hurt consumers, national...
A wave of consolidation that has swept across American industry in recent years has left many wondering if such market movements are good for the country and the consumer.According to one study, more...
View ArticleBiden's silent war on America's steel industry
The United Steelworkers Union has received “assurances” from President Biden that he will support its members in their fight against a potential takeover by Japan-based Nippon Steel of Pittsburgh-based...
View ArticleLet the world invest in America: Nippon-U.S. Steel merger should be approved
A version of this story appeared in the daily Threat Status newsletter from The Washington Times. Click here to receive Threat Status delivered directly to your inbox each weekday.In his State of the...
View Article
