"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

Cleveland-Cliffs Inc. CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.'s proposed $14.9 billion acquisition of United States Steel Corp. months before it happened,

The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.

In dual lawsuits filed Jan. 6, U.S. Steel Corp. and Nippon Steel Corp. blame the Biden administration's politicizing its national-security review as well as the behind-the-scenes actions by rival Cleveland-Cliffs Inc. and United Steelworkers International President David McCall for scuttling the $14.9 billion deal.

The CEO of American-owned and operated Cleveland Cliffs says he’s putting in a bid to buy U.S. Steel. He says it’s not a matter of if, but rather when.

Nippon's offer to buy USS was $14 billion while, according to Cliff CEO Lourenco Goncalves, Cliffs' final bid was $13.8 billion. Before Biden killed the Nippon deal, a bipartisan group, including incoming President Donald Trump, also opposed the deal.

Cleveland-Cliffs CEO Lourenco Goncalves criticized the deadline extension keeping Nippon Steel's bid to acquire U.S. Steel alive months longer than originally intended.

Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.S. Steel is successful, he would rename the new corporate entity "U.

If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.