Governor Shapiro Could Support New U.S. Steel Buyout Offer

(The Center Square) – A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made “meaningful commitments to Pennsylvania” in conversations about a formal offer the Ohio-based company plans to make with Nocur, a steel manufacturer headquartered in North Carolina. “Before the governor would even consider endorsing any potential deal, Cleveland-Cliffs needs to make a formal bid to buy U.S. Steel and present specific details on what it will do to protect Pennsylvania jobs for the long term,” said Manuel Bonder, Shapiro’s spokesman.