Cleveland-Cliffs Says More Time Needed For POSCO Deal -- Market Talk

Dow Jones

02/09

1013 ET - Cleveland-Cliffs extended its timeline for reaching an agreement with Korean steelmaker POSCO for the sale of some of Cliffs' assets to the first half of this year after earlier predicting a deal would be completed in late 2025 or 1Q. "The duration of these negotiations reflects the seriousness and potential scale of the opportunity," CEO Lourenco Goncalves told analysts. "This remains the number one strategic priority for both Cleveland-Cliffs and POSCO." (robert.tita@wsj.com)

(END) Dow Jones Newswires

February 09, 2026 10:13 ET (15:13 GMT)

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