![Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel](https://i1.wp.com/static01.nyt.com/images/2025/01/13/multimedia/13steel-fmqj/13steel-fmqj-facebookJumbo.jpg?w=600&resize=600,400&ssl=1)
Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel
A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after President Biden’s decision to block its acquisition by a Japanese company. Lourenco Goncalves, the chief executive of an American competitor, Cleveland-Cliffs, said his company had “an All-American solution to save the United States Steel…