Cleveland-cliffs comments on transformative global industry consolidation and updates investors on capital allocation priorities

Cleveland--(business wire)--cleveland-cliffs inc. (nyse: clf) (“cliffs” or “the company”) issued the following statement regarding the announced proposed acquisition of u.s. steel by nippon steel. lourenco goncalves, chairman, president of ceo of cleveland-cliffs, said, “we identified u.s. steel as an extremely undervalued company with significant synergy potential when combined with cleveland-cliffs, creating a union-friendly american champion among the top-10 steelmakers in the world. even th.
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