US Steel Rises as Cliffs CEO Says He’s Still Interested
- Comments come as Biden considers blocking Nippon Steel deal
- ‘We are good to go for the money,’ Goncalves says on TV spot
The United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US.
Photographer: Justin Merriman/BloombergThis article is for subscribers only.
Shares of United States Steel Corp. rose in after-hours trading after Cleveland-Cliffs Inc.’s top executive said he’s still in the market for his rival’s assets.
“Absolutely,” Cliffs’ Chief Executive Officer Lourenco Goncalves told CNBC Thursday when asked if he would bid on US Steel’s assets if Nippon Steel Corp.’s $14.1 billion takeover bid fell through. “We are good to go for the money.”