Cleveland-Cliffs (CLF) Chief Executive Officer Lourenco Goncalves told Bloomberg in an interview that he would consider another bid, with support of the USW union, for United States Steel (X), but at a significantly lower price than the existing offer from Nippon Steel (NPSCY), if that deal were to fail. Nippon’s proposal is to buy the company for $55 per share in cash, but if given the opportunity, Goncalves would consider a bid “in the $30s,” he said in the interview Thursday with the newservice.
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