Axios
The CEO of steelmaker Cleveland-Cliffs reiterated he still wants to acquire rival U.S. Steel, in a news conference filled with intense and vehemently anti-Japan rhetoric.
Why it matters:Â This is the buyer that the United Steelworkers union wants, but it presents major antitrust challenges.
Catch up quick: Cleveland-Cliffs offered to buy U.S. Steel in late 2023, but U.S. Steel believed it was more likely to gain regulatory approval for a $14.9 billion offer from Nippon.
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