Cleveland-Cliffs Proposes to Acquire U.S. Steel View News Release USW Endorsement Letter Investor Presentation Steelworkers Reiterate Vow to Only Back Cliffs in US Steel Deal USW Rights Explained
The United Steelworkers (USW) has affirmed in writing that it endorses Cleveland-Cliffs’ proposal to acquire U.S. Steel Corporation. Under the terms of its collective bargaining agreement with U.S. Steel, the USW has the right to counter Cleveland-Cliffs’ proposal. This USW letter affirms to Cleveland-Cliffs that the USW will not exercise this right. Furthermore, the USW will not endorse anyone other than Cleveland-Cliffs for such a transaction.
This downloadable investor deck provides a compelling strategic rationale of Cleveland-Cliffs’ proposal to acquire U.S. Steel Corporation.
View Investor PresentationCleveland-Cliffs was named to the Fortune 500 list, once again among the top 200 companies. Cleveland-Cliffs’ 2022 revenue of $23 billion earned Cleveland-Cliffs the ranking of 170 on the list for 2023. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years. In partnership with Fortune Brand Studio, Lourenco Goncalves, Chairman, President and CEO of Cleveland-Cliffs, sat down with Fortune CEO Alan Murray to talk about the Company's achievement, along with how Cleveland-Cliffs is prioritizing sustainability, protecting jobs, and innovating to meet the evolving needs of its main market, the automotive industry. For more information, click on the link below to be taken to CLF’s Profile Page on Fortune, or see our Fortune 500 Listing.
Cleveland-Cliffs MOTOR-MAX high frequency, non-oriented electrical steels (HF NOES) offer a variety of steel grades specifically developed for high frequency motors and generators. Optimized for performance in EV traction motors, aircraft generators and other rotating equipment, MOTOR-MAX steel offers three distinctive insulative coatings for maximum design flexibility. Cleveland-Cliffs is the only U.S.-based producer of HF NOES grade steel like MOTOR-MAX.
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