Cleveland-Cliffs Partners with POSCO on Transformative MoU Amid Korea-US Trade Agreement

Cleveland-Cliffs Inc. has announced POSCO as its strategic partner under a transformative Memorandum of Understanding. The partnership will allow POSCO to support its U.S. customer base while ensuring its products meet U.S. trade and origin requirements. This collaboration aligns with U.S. policy goals to strengthen domestic industry and attract foreign investment. Cleveland-Cliffs expects the partnership to be highly accretive to shareholders. A formal announcement on a definitive agreement is expected in the fourth quarter of 2025 or first quarter of 2026.