Steel

Cleveland-Cliffs Inc. Emerges Victorious as Major Steel Players Dismiss Lawsuit

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Cleveland, Ohio—Cleveland-Cliffs Inc. (NYSE: CLF), one of the leading steel manufacturers in North America, has seen a favorable development in its legal landscape. On September 4, the company announced that United States Steel Corporation, along with Nippon Steel Corporation and Nippon Steel North America Inc., has voluntarily dismissed a lawsuit against Cleveland-Cliffs and its executives, including CEO Lourenco Goncalves. The lawsuit, which was filed earlier this year, has been dismissed with prejudice, indicating a permanent closure of the case without any financial settlement. This dismissal includes a comprehensive release of all claims made against Cleveland-Cliffs, … Read more

Federal Court Dismisses Controversial Lawsuit Amid $14.9 Billion Steel Merger Drama

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PITTSBURGH — A federal lawsuit related to the $14.9 billion merger between Japan’s Nippon Steel and U.S. Steel has been dismissed in the Western District Court of Pennsylvania. The dismissal came after both sides filed a notice on September 3, signaling the end of litigation that accused Cleveland-Cliffs and its executives of engaging in anti-competitive practices in the steel industry. The lawsuit, initiated in January 2025, claimed that Cleveland-Cliffs, its CEO Lourenco Goncalves, and the president of the United Steelworkers International, David McCall, conspired to undermine U.S. Steel’s competitive position. The suit alleged that the … Read more

Steel Union Chief Seeks to Dismiss Lawsuit, Defends Speech in U.S. Steel-Nippon Merger Blockade

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Washington, D.C. – As disputes intensify over a blocked multibillion-dollar steel industry deal, David McCall, president of the United Steelworkers union, argues vigorously for the dismissal of litigation instigated by U.S. Steel and Nippon Steel. They claim the lawsuit infringes upon First Amendment freedoms, particularly the union’s right to express its stance on mergers that could adversely affect American workers and national security. At the heart of the contention is President Joe Biden’s decision to halt the $14.9 billion acquisition of U.S. Steel by its industry counterpart, a move that would have infused over $1 … Read more

Nippon Steel to Contest US Block on US Steel Merger in Federal Court

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TOKYO, Japan — A legal battle is set to unfold in early February as Nippon Steel seeks to challenge the U.S. government’s decision to hinder its plans to acquire United States Steel Corp. The conflict arises from the U.S. government’s concerns about national security, which led to the halting of the merger under the administration of former President Joe Biden. The contentious issue has now moved to the judiciary, with court proceedings scheduled to start on Feb 3. Nippon Steel confirmed that it would submit its initial brief on that date as the U.S. Court … Read more