In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant.

President Joe Biden on Jan. 3, 2025, issued a blocking order (the Order) addressing the proposed acquisition of United States Steel Corporation

"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

Citing national security concerns and following an expansive but divided Treasury Department review, President Joe Biden recently decided to deny the $14 billion purchase of U.S. Steel Corp. by the Japanese firm Nippon Steel. The decision is final, at least for now, but both companies have already brought suit to overturn it.

The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.

The CEO of American-owned and operated Cleveland Cliffs says he’s putting in a bid to buy U.S. Steel. He says it’s not a matter of if, but rather when.

He said he would relocate Cleveland-Cliffs' headquarters to Pittsburgh ... to abandon plans to acquire U.S. Steel after President Joe Biden blocked the deal. The new deadline, now in mid-June ...

Pompeo said that for the past several decades, Tokyo has been “amongst our greatest allies in the delivering security for the American people.”

Nippon's offer to buy USS was $14 billion while, according to Cliff CEO Lourenco Goncalves, Cliffs' final bid was $13.8 billion. Before Biden killed the Nippon deal, a bipartisan group, including incoming President Donald Trump, also opposed the deal.

U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was recently blocked by President Joe Biden.

Outgoing U.S. President Joe Biden on Jan. 3 blocked the $14.9 billion sale of U.S. Steel to Nippon, citing a strategic need to protect domestic industry.

He said he would relocate Cleveland-Cliffs' headquarters to Pittsburgh ... to abandon plans to acquire U.S. Steel after President Joe Biden blocked the deal. The new deadline, now in mid-June ...