Cliffs doesn’t have the financial firepower that Nippon does. It just bought the Canadian steel producer Stelco for $2.5 billion.
NUCOR is involved along with Cliffs.
Nippon gets US Steel, they will be forced to negotiate with Cliffs for the iron ore Cliffs now supplies to US Steel.
Cliffs is the only primary producer in the USA and Canada able to supply that.
Hows them apples?
Canadian seel exported by an American owned but canadian company is tariffed at least 25%
By allowing Nippon Steel to come to America and re create steel worker jobs, the Canadian deal might fall off a Cliff