Cleveland-Cliffs CEO weighs in on Japan's Nippon Steel buying US Steel

Рет қаралды 35,543

6 ай бұрын

Lourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell: Overtime' to discuss Japan's Nippon Steel buying US Steel deal.

Пікірлер: 81

@user-gh7go3nx9i 6 ай бұрын

America likes "Free Trade" but does not like Nippon buying US Steel :)

@russ9238 6 ай бұрын

Hardly any comments which is amazes me. To have a foreign ownership of our strategic companies doesn't add value to the American people just a bunch of greedy freaking stock investors.

@user-ep9vo8qk7l Ай бұрын

Your strategic enterprise? If I remember correctly, U.S. Steel is a private, publicly traded company. Its ownership belongs to the shareholders, not to you keyboard warriors.

@jasondevault5066 6 ай бұрын

The stock's good so give back to the employees

@frankgrabasse4642 6 ай бұрын

If an American company bought US steel they would not invest a penny into it. They would cry for import protection to the government and raise the prices to the end user. All that money would go straight to wall st. They would raid the pension and leave the debt on the government. This ceo has mentioned the share holders front and center in this interview.... Better with nippon. What are the Japanese going to do? Ship the plant to Kyoto?

@lookupverazhou8599 4 ай бұрын

Kinda braindead, aren't ya? The plant already exists in Kyoto, now they just ship the resources there.

@user-ep9vo8qk7l Ай бұрын

Kyoto？Kyoto is a suitable place for steel plant?

@northeast5076 4 ай бұрын

I work for the new owners and feel this is the best owners we've had, they've invested in our mill, need alitte bit of internal management changes, old mentality exists

@Nicklan1961 6 ай бұрын

Cleveland cliffs I have some experience with these guys They are Chinese However Nippon Steel does and will compete with the Chinese.

@lookupverazhou8599 4 ай бұрын

Who cares how Japan competes with the Chinese?

@patapata2023 4 ай бұрын

🇺🇸🤝🇯🇵 🔥 🇨🇳

@bps7209 6 ай бұрын

This should never happen to an American icon like US Steel selling it to Japan.😡

@user-kg4lt8nr3u 6 ай бұрын

sorry we will receive It's an opportunity when Biden is president.

@bps7209 6 ай бұрын

@@user-kg4lt8nr3u exactly why we won’t survive as we were as a nation.

@tigerion9275 6 ай бұрын

… Is still US icon?

@o0usf0o 6 ай бұрын

US steel is outdated floundering company. Biden has nothing to do with the sale… the board took the highest bid per share to cash out! What he saying is biden may squash the deal based on national security risk as we’ve learned with semiconductors.

@chicagotom1643 6 ай бұрын

Better Japan than China or 🐄💩 India

@annabailey443 Ай бұрын

$CLF is down 15% over the last 3 weeks. The CEO should be putting more focus on Cleveland Cliff's performance and not other companies business! Take some responsibility for goodness sake.

@northeast5076 4 ай бұрын

Cleveland Cliffs is not owned by a Chinese company, get your facts straight

@user-qf7ud5de9h 6 ай бұрын

Only a US company should be able to aquire it if it is for sale.

@bps7209 6 ай бұрын

Absolutely 👍

@Matthew-vm7qi 6 ай бұрын

Why?

@bps7209 6 ай бұрын

@@Matthew-vm7qi do you really have to ask? Do some research.

@chloeconniecarlton 6 ай бұрын

Your pride issues are useless .. Almost Anybody can come into the USA and buy a company if they have the $$ That's called Capitalism..Japan is the USA's 2-3 largest trading partner...There is nothing to worry about,accept someone's pride issues...

@domesticatedwolverine4152 5 ай бұрын

Don't be so close minded.

@DB-we5pv 6 ай бұрын

Give him a Catheter.

@stevensum2011 2 ай бұрын

Nothing wrong japanese companies but unfortunately any nation should keep and own production and infrastructure companies to themselves not own by foreign companies. Look what happen British steel sold to india and arm sold to japanese.

@user-ep9vo8qk7l Ай бұрын

Back in the day, your American company Micron also acquired a Japanese memory chip manufacturer. So why don't you Americans give that back too?

@johnchieze530 6 ай бұрын

japan is a country of 'we.' here in the u.s.of a. it's about 'me.' and me is plain ecstatic after watching my holdings of u.s. steel climb from $5 a couple years ago to $49. the ultimate function of the ceo and board is to enrich shareholder value, not employment or raise wages which is the job of the fed. with any luck the current white house occupant will green light this, but most of us can't wait for trump to take the helm in 2025

@SlothNast 6 ай бұрын

good for u bud

@johnwilcox4078 6 ай бұрын

"Most of us"? 😂

@johnnyleeholton6122 6 ай бұрын

Good luck doing all that without employees

@lookupverazhou8599 4 ай бұрын

The fed's job is to increase inflation and reduce home ownership and profit and repeat. Why don't you sell now, though? Why wait til it drops?

@BradyT918 6 ай бұрын

Ah yes, cleveland Cliffs, which is currently owned by a chinese company. Cleveland Cliffs owns several open pit mines in northern Minnesota which US Steel gets much of its iron from. Either way, better to have an allied company buy it than yet another chinese company. Though of course it'd be best to keep it American owned but in this case, it's the lesser of two evils.

@miltonsoto2198 6 ай бұрын

Cliffs is not owned by a chinese company lol

@chicagotom1643 6 ай бұрын

Cliffs is a Polock company

@chicagotom1643 6 ай бұрын

@@foxsmith5718 But are the employees happy? I know a few that left USS for Cliffs. Cliffs owns everything around here

@chicagotom1643 6 ай бұрын

@@foxsmith5718 This is going to be interesting at contract time

@chicagotom1643 6 ай бұрын

@@foxsmith5718 That's how Mario was before Dave whatever took over. That Mario pretty much robbed Caterpillar and became CEO for USS and poof