1. Cleveland-Cliffs CEO: POSCO Deal on Ice as US Steel Market Heats Up
Cleveland-Cliffs is hitting the brakes on its anticipated deal with South Korea's POSCO Holdings. CEO Lourenco Goncalves stated the company is 'no longer in a hurry' to finalize the transaction, signaling a major strategic shift driven by a resurgent domestic market. The urgency that once surrounded the partnership has...