Financial risks and uncertainties surround CLF's potential acquisition of US Steel, but share buyback program offers potential returns to investors.

If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not Cleveland.

The CEO of Cleveland-Cliffs (CLF) reiterated that he still wants to buy US Steel (NYSE:X) after Biden moved to block the planned $14 billion sale to Nippon Steel (OTCPK:NPSCY) earlier this month. Cliffs CEO Lourenco Goncalves that while he wants to make a bid for US Steel (NYSE:X),

Cleveland-Cliffs Inc. is partnering with Nucor Corp. to weigh a potential joint bid for United States Steel Corp., according to a person familiar with the matter. Cliffs’ top boss later confirmed his interest in the American steelmaker at a press event.

Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its attempted merger with Japan’s Nippon Steel fails for good. “We have an all-American solution,

US Steel ( NYSE: X) jumped 8% amid a report that Cleveland-Cliffs ( CLF) is partnering with Nucor Corp. ( NUE) for a potential bid for the steelmaker in the high $30s a share in cash. Cliffs ticked higher by 0.8%, while Nucor ( NUE) gained 2.4%.

Cleveland-Cliffs Inc. CEO Lourenco Goncalves says he has an "all-American solution" in place to buy United States Steel Corp. if a deal with Nippon Steel is abandoned.

There is only one Fortune 500 Company with "Cleveland" in its name. Why it matters: Maybe not for long. Driving the news: Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.