U.S. Steel Bid Rumors Continue to Swirl

December 01, 2023

Reports in the financial press in late November indicate multiple bidders are now involved in the pursuit of all or portions of Pittsburgh-based United States Steel Corp. For several months, the most public bidder for the company has been fellow blast furnace steel producer Cleveland-Cliffs. That firm’s initial overture was rebuffed by U.S. Steel executives but included the support of the United Steelworkers (USW) union.

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