Cleveland-Cliffs Inc. (CLF) Cleared as Steel Giants Drop Lawsuit

Cleveland-Cliffs Inc. (NYSE:CLF) is one of the best American mining stocks to buy now. On September 4, Cleveland-Cliffs Inc. announced that United States Steel Corporation, Nippon Steel Corporation, and Nippon Steel North America Inc. had voluntarily dismissed their lawsuit against the company and its executives, including CEO Lourenco Goncalves.

Filed earlier this year, the case was dismissed with prejudice, permanently closing the matter without a financial settlement. All claims were fully released, and additional terms remain confidential.

Cleveland-Cliffs Inc. (NYSE:CLF), a leading North American steel producer, emphasized the resolution as a clear vindication. The company operates a vertically integrated supply chain from iron ore mining to finished steel products, serving industries like automotive and employing around 30,000 people across the U.S. and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.