Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018.
REUTERS/Lawrence Bryant/File PhotoCHICAGO, Aug 14 (Reuters) - The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp (X.N), adding that the company is the best strategic buyer.
"Cliffs is committed to the blast furnace segment of the steel market and U.S. Steel is not," the union's international president, Thomas Conway told Reuters in an interview.
The United Steelworker's collective bargaining agreement with U.S. Steel outlines that the company has to take union leadership voices into account for acquisition bids.
U.S. Steel has said that it received "multiple unsolicited proposals."
Persons:
Lawrence Bryant, Thomas Conway, Conway, Bianca Flowers, Tomasz Janowski
Organizations:
U.S . Steel, U.S . Steel Granite City, REUTERS, United Steelworkers, United States Steel Corp, Steel, U.S, Reuters, Thomson
Locations:
U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Chicago