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storied Pittsburgh steelmakerUpper Michigan's Source
•Business
Business & Economics
76% Informative
Cleveland -Cliffs CEO Lourenco Goncalves says he wants to make a new bid for U.S. Steel .
Biden administration extended deadline for Nippon Steel to abandon deal after Biden blocked it.
President-elect Donald Trump , who takes office in a week , also opposes deal.
U.S. Steel has warned that, without Nippon Steel’s cash, it will shift production away from the blast furnaces to cheaper non-union electric arc furnaces and move its headquarters out of Pittsburgh .
Goncalves said the merger agreement needs to be abandoned and that abandoning their blocked deal is critical to his company's ability to mount a new bid.
VR Score
78
Informative language
76
Neutral language
40
Article tone
formal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Source diversity
2
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