Nippon Steel rebuts Cleveland-Cliffs' U.S. Steel takeover interest

Nippon Steel Corp. said Tuesday it "remains the only partner" for United States Steel Corp., vowing to continue pursuing its purchase despite White House opposition and the emergence of a rival offer from U.S. steelmaker Cleveland-Cliffs Inc.Cleveland-Cliffs CEO Lourenco Goncalves on Monday expressed the company's interest in acquiring U.S. Steel at a press conference in Pennsylvania. He also attacked Japan as "evil," claiming that it taught China how to dump, build overcapacity and overproduce.In response, Nippon Steel, whose $14.1 billion deal to take over U.S. Steel has been blocked by t…READ FULL ARTICLE