Cleveland-cliffs commends president biden's reported decision to block foreign ownership of u.s. steel by japan's nippon steel

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cliffs”) applauded the reported decision by president biden to officially block the foreign takeover of u.s. steel by japan's nippon steel. the company provided the following statement from its chairman, president and ceo, lourenco goncalves: “we commend president biden and the u.s. government for its reported decision to block foreign ownership of u.s. steel by japan's nippon steel. the american steel industry plays a crucial role.
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