US Steel accuses rival Cliffs of misinformation as deal awaits review

US Steel issued a strongly worded statement accusing Cliffs of spreading incorrect information to suggest its US$14.1bil takeover by Japan’s Nippon Steel Corp was in jeopardy. — Bloomberg

NEW YORK: United States Steel Corp has accused rival Cleveland-Cliffs Inc of conducing a “misinformation campaign” as the growing animosity between the two American steelmakers descended into a public war of words.

US Steel issued a strongly worded statement accusing Cliffs of spreading incorrect information to suggest its US$14.1bil takeover by Japan’s Nippon Steel Corp was in jeopardy.