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Cleveland-Cliffs weighs divesting steel assets
US integrated steelmaker Cleveland-Cliffs is considering selling assets, possibly to foreign investors, after months of railing against the acquisition of a rival by an overseas steelmaker. The company is focusing on the potential sale of non-core assets, which could help pay down debt, chief executive Lourenco Goncalves said Monday in his company's quarterly earnings call. Cliffs has engaged investment bank JP Morgan as an adviser for the potential asset sales. Nippon Steel's recent $14.1bn purchase of US Steel showed that foreign firms have an interest in US blast furnace steelmakers, Goncalves said. ... (full story)
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- Jul 21, 2025 1:18pm Posted byFundamental Analysis288
