The United Steelworkers is making it clear that the union exclusively supports Cleveland-Cliffs Inc.’s bid to buy United States Steel Corp., a longtime strategic supplier to the auto industry.
USW President Tom Conway said the union only endorses one bid for the iconic American steelmaker, saying that the Cleveland-based producer’s plan will preserve union jobs.
The comment comes after Conway said he received countless calls from potential bidders seeking the union’s approval — a necessary legal step for anyone seeking to buy U.S. Steel, because the labor group has the right to counter, Conway said.