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Cleveland-Cliffs CEO Laurenco Goncalves on the status of the deal between U.S. Steel and Nippon Steel and Cleveland-Cliffs' renewed effort to buy U.S. Steel. #FOXBusiness Subscribe to Fox News!

Cleveland-Cliffs CEO Lourenco Goncalves said a lot in a lengthy Monday press conference. Amid the rhetoric was some hope for U.S. Steel investors.

Cleveland-Cliffs CEO Lourenco Goncalves said he had a plan to buy U.S. Steel after its sale to Japan's Nippon Steel collapsed. Goncalves went on a tirade against Japan during a press conference, calling the U.S. ally "evil.

An offer is probably months away from happening.

The company's renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.

Cleveland-Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel , CNBC reported on Monday, citing sources.

CNBC's David Faber delivers his latest Faber Report.

Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say

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Cleveland-Cliffs (CLF) concluded the recent trading session at $10.05, signifying a +1.52% move from its prior day's close.