Cleveland-Cliffs Says More Time Needed For POSCO Deal -- Market Talk
Dow Jones
Feb 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.