Clash of CEOs: Nippon Steel, Cleveland-Cliffs square off over U.S. Steel

Lawsuit pits veteran negotiator Hashimoto against tough-talking Goncalves

20250124N Nippon Steel vs Cliffs

Cleveland-Cliffs CEO Lourenco Goncalves and Nippon Steel Chairman and CEO Eiji Hashimoto are locked in battle over U.S. Steel. (Nikkei montage/Source photos by Nikkei)

AZUSA KAWAKAMI

NEW YORK -- At the center of the legal battle over Nippon Steel's planned purchase of U.S. Steel is a pair of strong personalities: Eiji Hashimoto, the Nippon Steel CEO who once sued key customer Toyota Motor, and Lourenco Goncalves, the blunt-spoken CEO of rival steelmaker Cleveland-Cliffs.

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