South Korea's Posco says considering investment in U.S. Cleveland-Cliffs

Reuters
2025.12.05 02:07
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SEOUL, Dec 5 (Reuters) - South Korea’s Posco Holdings Inc (005490.KS) said on Friday that it has signed a memorandum of understanding (MOU) with U.S. firm Cleveland-Cliffs Incand it is discussing a potential investment in a stake, but nothing has been decided.Posco said in a regulatory filing that the discussions are part of efforts to expand in the high-profit U.S. market.

SEOUL, Dec 5 (Reuters) - South Korea’s Posco Holdings Inc (005490.KS) said on Friday that it has signed a memorandum of understanding (MOU) with U.S. firm Cleveland-Cliffs Inc (CLF.N) and it is discussing a potential investment in a stake, but nothing has been decided.

Posco said in a regulatory filing that the discussions are part of efforts to expand in the high-profit U.S. market.

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