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Lourenco Goncalves - 15 ” - 3 Lawrence Bryant - 3 Goncalves - 2 steelmaker - 2 Thomas Conway - 2 Lourenco Goncalves Lourenco Goncalves - 1 Nippon Steel's - 1
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Cleveland U.S Granite City , Illinois U.S . Steel Granite United States Ohio steelmaker Cleveland Wells Fargo
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Cliffs - 12 U.S . Steel - 8 . Steel - 7 United Steelworkers - 7 U.S - 7 Steel - 7 REUTERS - 5 Nippon - 3

Search resuls for: "Lourenco Goncalves"


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☆ Watch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves
  + stars: | 2024-04-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cleveland-Cliffs CEO Lourenco GoncalvesLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, U.S. Steel-Nippon deal and more.
Persons: Lourenco Goncalves Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland, U.S
☆ We have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEO
  + stars: | 2024-04-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEOLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, the U.S. Steel-Nippon deal and more.
Persons: Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland
☆ Cleveland-Cliffs CEO: Have full conviction a Nippon Steel-USW deal 'will never happen'
  + stars: | 2024-03-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland-Cliffs CEO: Have full conviction a Nippon Steel-USW deal 'will never happen'Cleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss Nippon Steel's proposed deal to buy U.S. Steel, why he believes Nippon Steel will not reach an agreement with the United Steelworkers union, whether Cleveland-Cliffs would consider a bid for U.S. Steel's asset if the Nippon deal fell apart, and more.
Persons: Lourenco Goncalves, Nippon Steel's Organizations: Cliffs, Nippon Steel, Nippon, . Steel, United Steelworkers, U.S Locations: Cleveland
☆ Cleveland-Cliffs to Shutter West Virginia Tin Plant and Lay off 900 After Tariff Ruling
  + stars: | 2024-02-15 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Thursday that it is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers after the International Trade Commission voted against imposing tariffs on tin imports. The trade commission also voted to stop a duty investigation into tin products shipped from South Korea. Cleveland-Cliffs said it will offer either severance packages or opportunities for workers in Weirton to be relocated to its other facilities. The trade commission ruling was shocking and made it “impossible for us to viably produce tinplate.”Goncalves added that the trade commission’s decision “is a travesty for America, middle-class jobs, and our critical food supply chains. Cleveland-Cliffs' tin facility in Weirton was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003.International Steel Group bought Weirton Steel in federal bankruptcy court in 2003.
Persons: —, Lourenco Goncalves, “, ”, ” Goncalves, ” Sen, Joe Manchin, ” Manchin, Sen, Shelley Moore Capito Organizations: Cliffs, International Trade Commission, U.S . Department of Commerce, United Steelworkers, Weirton, International Steel Group, Weirton Steel, Commerce Locations: CHARLESTON, W.Va, — Cleveland, West Virginia, Canada, China, Germany, United States, South Korea, Cleveland, Weirton, Ohio, Pittsburgh . Cleveland, America, West Virginia’s, Follansbee . Cleveland, Luxembourg, ”
☆ Cleveland-Cliffs CEO Lourenco Goncalves on Q4 results
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland-Cliffs CEO Lourenco Goncalves on Q4 resultsCleveland-Cliffs CEO Lourenco Goncalves joins 'Money Movers' to discuss the company's quarterly earnings results, the key drivers of demand this year, and the outlook for U.S. steel.
Persons: Lourenco Goncalves Organizations: Cliffs Locations: Cleveland
☆ ‘I Want Everything.’ The Pugnacious, Arm-Twisting CEO
  + stars: | 2023-12-01 | by ( Bob Tita | ) www.wsj.com   time to read: 1 min
Veteran Brazilian steel executive Lourenco Goncalves has a booming voice. He’s used it to demand customers buy more steel and to dress down analysts who’ve dared to critique his company’s performance. In the past three years, he’s shouted his way to the top of the U.S. steel industry. Goncalves, 65, is on the precipice of the boldest move of his career: acquiring 122-year-old United States Steel. If he prevails, the deal would reshape the U.S. steel industry, making Cleveland-Cliffs —an iron ore mining company just a few years ago—the largest domestic steelmaker by volume and the 10th largest in the world.
Persons: Lourenco Goncalves, He’s, who’ve, he’s, Goncalves Organizations: United States Steel Locations: U.S, Cleveland
☆ Automakers oppose Cleveland-Cliffs push to buy U.S. Steel
  + stars: | 2023-10-31 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
U.S. Steel Edgar Thompson Works is seen in Braddock, Pennsylvania, U.S. November 4, 2022. REUTERS/Quinn Glabicki/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs' (CLF.N) proposed acquisition of U.S. Steel (X.N), saying it would increase auto industry costs and slow electric vehicle sales. U.S. Steel in August rejected Cleveland-Cliff's proposed $7.25 billion price. Cleveland-Cliffs CEO Lourenco Goncalves last week during an earnings call declined to discuss the issue, citing restrictions. In August, U.S. Steel said it had entered into confidentiality agreements with "numerous third parties" and started to review multiple unsolicited proposals ranging from partial acquisition to an entire buyout.
Persons: Steel Edgar Thompson, Quinn Glabicki, John Bozzella, Lina Khan, Jonathan Kanter, Cliff's, Lourenco Goncalves, David Shepardson, Nick Zieminski Organizations: REUTERS, Rights, U.S . Steel, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Hyundai, Federal Trade Commission, Justice Department Antitrust, . Steel, Cliffs, Steel, Thomson Locations: Braddock , Pennsylvania, U.S, Cleveland
☆ Cleveland-Cliffs clashes with U.S. Steel as sale process gets underway -sources
  + stars: | 2023-09-20 | by ( Greg Roumeliotis | Anirban Sen | David | ) www.reuters.com   time to read: +3 min
NEW YORK (Reuters) -U.S. Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the latter to participate in a sale process that is underway, people familiar with the matter said on Wednesday. U.S. Steel has made the standstill a condition to allowing Cliffs to carry out due diligence and participate in its sale process, the sources added. It has also told Cliffs that all bidders are being granted access to its sale process on the same terms, according to the sources. Reuters has reported that ArcelorMittal is one of the parties that has been working on a potential bid for U.S. Steel. Cliffs would break into the world’s top 10 steel producers, which are mostly from Asia, should its bid for U.S. Steel succeed.
Persons: steelmaker, David Lawder, ArcelorMittal, Steel, Thomas Conway, Lourenco Goncalves Organizations: YORK, . Steel Corp, Cliffs Inc, REUTERS, U.S . Steel, . Steel, JPMorgan, UBS, MUFG, Truist Securities, Reuters, U.S, Steel, United Steelworkers, Wall, United Auto Workers, UAW Locations: steelmaker Cleveland, Granite City , Illinois, Wells Fargo, Asia
☆ Focus: Inside Cleveland-Cliffs' bid to keep U.S. blast furnaces smelting
  + stars: | 2023-09-05 | by ( Isla Binnie Bianca Flowers | Isla Binnie | Bianca Flowers | ) www.reuters.com   time to read: +6 min
This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.
Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago
☆ Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +1 min
Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. U.S. Steel, which rejected Cliffs' $7.3 billion cash-and-stock offer as inadequate, had earlier said it was exploring "multiple unsolicited proposals". The stance comes after the USW said last week it would only back Cleveland-Cliffs as a suitor for the company. Even if U.S. Steel has not received any bids, the company must acknowledge that no such proposals have been received, Cleveland-Cliffs said. U.S. Steel had also attracted a $7.8 billion all-cash offer from Esmark Inc and a potential acquisition interest from ArcelorMittal SA (MT.LU).
Persons: Lawrence Bryant, USW, Lourenco Goncalves, Priyamvada, Krishna Chandra Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Tuesday U.S . Steel, United Steelworkers, . Steel, U.S, Steel, Cliffs, Esmark Inc, ArcelorMittal SA, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Bengaluru
☆ Watch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves on U.S. Steel offer
  + stars: | 2023-08-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves on U.S. Steel offerCleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss the company's attempt to purchase U.S. Steel, the rationale behind the deal, and the regulatory approval for the deal.
Persons: Lourenco Goncalves Organizations: Cliffs, U.S . Steel, . Steel Locations: Cleveland
☆ Cleveland Cliffs CEO on U.S. Steel rejecting $7.3 billion buyout offer
  + stars: | 2023-08-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland Cliffs CEO on U.S. Steel rejecting $7.3 billion buyout offerLourenco Goncalves, Cleveland Cliffs CEO, joins 'Squawk on the Street' to discuss the company's attempt to purchase U.S. Steel, the rationale behind the deal, and the regulatory approval for the deal.
Persons: Lourenco Goncalves Organizations: Cleveland, U.S, Steel, Cleveland Cliffs, . Steel
☆ Cleveland-Cliffs surges after a rejected buyout offer. Here's how the pros are playing it
  + stars: | 2023-08-14 | by ( Christina Falso | ) www.cnbc.com   time to read: 1 min
Market Movers rounded up the best reactions on Cleveland-Cliffs from investors and analysts. The pros, including Jim Cramer , discussed the mining name a day after U.S. Steel said it turned down a $7.3 billion dollar buyout offer from the rival company. Cleveland-Cliffs CEO Lourenco Goncalves joined CNBC on Monday to discuss his thoughts on the rejected deal and what he sees moving forward. Shares of Cleveland-Cliffs closed 8.8% higher.
Persons: Jim Cramer, Lourenco Goncalves Organizations: U.S, Steel, Cliffs, CNBC Locations: Cleveland
☆ US Steel rejects buyout offer from rival Cleveland Cliffs
  + stars: | 2023-08-14 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
Cleveland-Cliffs proposes paying $17.50 a share in cash, and 1.023 shares of Cliffs stock for each US Steel share. Based on Friday’s closing price, that would be worth $32.53 for each US Steel share, an increase of 43% from US Steel’s Friday closing price. Its letter said it will not exercise that right should Cleveland-Cliffs purchase the company, and that it would oppose any other potential purchase offer for US Steel. Cleveland-Cliffs produced 16.8 million tons of steel in 2022, while US Steel produced 11.2 million tons at its US operations and another 3.7 million tons in Europe. Cleveland-Cliffs and US Steel are the two US steelmakers that make most of their steel from raw materials, while Nucor makes its steel primarily from melting steel scrap to produce steel.
Persons: ”, Lourenco Goncalves, Nucor Organizations: New, New York CNN, US Steel, Cliffs, Cleveland Cliffs, United Steelworkers, US Steel . Locations: New York, Cleveland, US Steel . Cleveland, Europe
☆ U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs
  + stars: | 2023-08-13 | by ( Jyoti Narayan | Akanksha Khushi | ) www.reuters.com   time to read: +3 min
(Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc. FILE PHOTO: Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File PhotoThe unsolicited cash-and-stock offer from Ohio-based Cliffs values U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday. Cliffs said its offer to acquire U.S. Steel had received the support of the United Steelworkers union, which is North America’s largest steel industry union. In a separate statement later Sunday, U.S. Steel confirmed it received an offer from Cliffs and other interested parties.
Persons: rebuffing, steelmaker, Lawrence Bryant, ”, Lourenco Goncalves, Davis Polk, Milbank, Lipton, Katz Organizations: Reuters, United States Steel Corp, Sunday, Cliffs, U.S . Steel, U.S . Steel Granite City, REUTERS, Steel, U.S, China . U.S . Steel, AK Steel Holding Corp, United Steelworkers, Company, UBS, Wardwell, . Steel, Barclays Capital, Goldman Sachs Group, Milbank LLP, Wachtell, Rosen Locations: steelmaker Cleveland, U.S . Steel Granite, Granite City , Illinois, U.S, Ohio, China . U.S, steelmaker, North, Wells Fargo, J.P.Morgan, Cleveland
☆ Covid was a big wake-up call for the automotive industry, says Cleveland-Cliffs CEO
  + stars: | 2023-07-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCovid was a big wake-up call for the automotive industry, says Cleveland-Cliffs CEOCleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss which part of the company's business will see more upside in second-half, what's putting pressure on prices, and much more.
Persons: Lourenco Goncalves Organizations: Cliffs Locations: Cleveland
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