
Lorenzo Gonsalves
President and CEO of Cleveland-Cliffs, a major steelmaker. Discusses a lawsuit related to a blocked acquisition.
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Jan 8, 2025 • 44min
Mad Money w/ Jim Cramer 1/7/25
Lorenzo Gonsalves, President and CEO of Cleveland-Cliffs, delves into the legal battles following the blocked acquisition of U.S. Steel by Nippon Steel, raising significant questions about national security. He highlights the impact of recent federal actions on the steel industry, emphasizing challenges like overcapacity and international competition. The discussion also covers insights into tariffs and market dynamics, offering a glimpse into the future of steel manufacturing in the U.S. amidst ongoing controversies.