LYNDORA, Pennsylvania — Lourenco Goncalves, the CEO of steelmaker Cleveland-Cliffs, said he wants to make a new bid to acquire U.S. Steel, calling his pitch an “all-American solution” to save the corporation.
At a nearly hour-long press conference Monday at the company’s facility in Butler, Pennsylvania, Goncalves said he would make Pittsburgh the headquarters of the new company, relocating Cleveland-Cliffs to the city and making it a subsidy of U.S. Steel, which would keep its iconic name.
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