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US Steel announced strategic review after rejecting Cliffs bid

United States Steel announced a formal review of strategic alternatives on Sunday after declining a takeover offer from rival steelmaker Cleveland-Cliffs.

Isabeau van Halm
Finished iron ore pellets at the Minnesota Ore Operations, which are sent to US Steel’s facilities. Source: US Steel

Finished iron ore pellets at the Minnesota Ore Operations, which are sent to US Steel’s facilities. Source: US Steel

US Steel has received multiple unsolicited proposals, according to US Steel's chief executive David Burritt, that ranged from the acquisition of certain production assets to consideration for the whole...

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