US Steel fires back at Cleveland-Cliffs on relentless effort to derail Nippon Steel deal

seekingalpha05-21

US Steel (NYSE:X) fired back at Cleveland-Cliffs (NYSE:CLF) on Tuesday, claiming that the steel producer has been spewing misinformation in an effort to derail its planned $14 billion sale to Nippon ...

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Cliffs (CLF) didn't immediately respond to Seeking Alpha email request for comment on the US Steel (X) letter.  Earlier this month, three Republican Senators urged President Joe Biden to formally prohibit or suspend the US Steel (X) sale to Nippon Steel (OTCPK:NISTF). The plea came after Biden has repeatedly said in recent months that US Steel (X) needs to remain an American steel company, though he has not outright called for the $14 billion transaction to be blocked.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437440164"}