NEW YORK -- The head of American steelmaker Cleveland-Cliffs, one of the biggest critics of Nippon Steel's takeover of U.S. Steel, on Monday said the deal highlights the American market's strength.
Materials
Cleveland-Cliffs CEO welcomes Nippon Steel-U.S. Steel deal after opposing it
Acquisition shows appeal of America's steel market, Lourenco Goncalves says
Cleveland-Cliffs' CEO had long voiced his opposition to the Nippon Steel deal, saying it would threaten the U.S. steel industry. (Photo by Ryohei Yasoshima)
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