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US Steel, Nippon Steel file monopolization lawsuit against Cleveland-Cliffs, CEO

( January 6, 2025, 18:00 GMT | Official Statement) -- MLex Summary: United States Steel Corp, Nippon Steel Corp, and Nippon Steel North America have brought an antitrust lawsuit against Cleveland-Cliffs, its CEO Lourenco Goncalves and  USW President David McCall. The complaint alleges the defendants engaged in an unlawful campaign to monopolize critical steel markets, destroy plaintiffs’ ability to compete, and cause them billions of dollars in damages. The complaint seeks preliminary and permanent injunctions ordering Cliffs, Goncalves, and McCall to cease violations of both Sections 1 and 2 of the Sherman Act, as well as punitive and trebled damages.Statement follows below. See attached file....

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