Nippon Steel's deal to buy U.S. Steel has "zero chance" of winning government approval amid continued opposition from the United Steel Workers union and "needs to be unraveled," the CEO of rival suitor Cleveland-Cliffs said on Tuesday. Lourenco Goncalves told reporters at the American Iron and Steel Institute's annual meeting that his bid had the full support of the U.S. government, President Joe Biden, a Democrat who wants U.S. Steel to remain American owned, and Republican presidential candidate Donald Trump.
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CLEVELAND, May 10, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the International Trade Commission’s (ITC) unanimous decision to uphold tariffs on tin mill products from Japan. After recently rejecting tariffs on tin mill products from several countries including China, the ITC correctly declared that Japan is different – Japan is not a fair trade partner with the United States. The United States currently has antidumping orders on 12 steel products from Japan. The largest producer of