On January 14th, informed sources revealed that Cleveland Cliffs Inc. is considering partnering with Nucor Corp. to bid for US Steel Corporation. The insider mentioned above stated that the strategy considered by the two companies is for Cleveland Cliffs to acquire most of the assets of US Steel Company, while Nucor will acquire a small portion of the assets. Due to undisclosed details, the source refused to disclose their name. According to informed sources, the final decision has not yet been made, and the two companies may still choose to abandon the transaction. Representatives from Nucor and US Steel have not yet made any comments, A spokesperson for Cleveland Cliffs declined to comment. (Bloomberg)
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