Cleveland-Cliffs said in March that the funding would largely come out of $6 billion that the Biden Administration earmarked for slashing emissions in the industrial sector.

Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a news conference.

Cliffs remains optimistic about receiving final approvals and proceeding with this carbon-friendly and high-return project,” the news release stated. Credit: Jim Noelker Credit: Jim Noelker ...

Visitors take in views from the cliffs that define Pismo Beach, Calif., on April 28, 2025. Over the past two years, a huge bump in squirrel population has led to further risk of erosion here.

Cleveland-Cliffs Inc.’s pugnacious chief executive kept silent through Nippon Steel Corp.’s failed efforts to close a $14.1 billion takeover of United States Steel Corp. over recent weeks.