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Congressional Steel Caucus Hearing
Lourenco Goncalves, Cliffs Chairman, President & Chief Executive Officer and the Board Chairman of the American Iron and Steel Institute provided testimony at the Congressional Steel Caucus held on January 14, 2026. Mr. Goncalves spoke about the importance of maintaining Section 232 steel tariffs and fair trade for the steel industry in the United States.
The Congressional Steel Caucus is a bipartisan group of U.S. Representatives and Senators working to support the American steel industry, its workers, and its vital role in national security and infrastructure, advocating through legislation, meetings with officials, and challenging unfair trade practices.
Read Mr. Goncalves' testimony, click here
Watch Steel Caucus Hearing on YouTube
Cleveland-Cliffs Announces POSCO as MoU Counterparty
Cleveland-Cliffs Inc. is pleased to announce that POSCO, Korea’s largest steelmaker and the world’s third largest steelmaker outside of China, is its strategic partner under the previously disclosed transformative Memorandum of Understanding. The MoU between the two companies was executed on September 17, 2025. With the recent completion of the new U.S. and Korea trade agreement, cooperation between the two nations’ industrial sectors will be further reinforced by the POSCO-Cliffs partnership.
Read more in the complete News Release.
CNBC Invest in America Forum
Lourenco Goncalves, Cleveland-Cliffs Chairman, President & CEO participated at the CNBC Invest in America Forum. Moderated by Sara Eisen, CNBC Anchor, the panel discussion was about fostering economic growth and innovation, revitalizing the consumer and supply chains. Joining Lourenco was Ana Botin, Santander Executive Chairman and John Furner, Walmart U.S. President. To view the panel discussion, view the video below.
Watch Panel Discussion
Why Steel Tariffs are Necessary
Steel tariffs have long played a crucial role in protecting the U.S. economy, national security, and industrial base from the adverse effects of global steel overproduction. Without strong enforcement of steel tariffs, the steel industry in the United States faces an unfair playing field that can lead to plant closures, job losses, and a weakened supply chain.
For decades, foreign producers, often backed by government subsidies, have flooded international markets with artificially cheap steel, undercutting American manufacturers and threatening domestic jobs. These violators of fair trade also employ currency manipulation and weak environmental regulations or lack of enforcement of them.
Canada must do more to block foreign steel: Goncalves
Lourenco Goncalves, CEO of Cleveland-Cliffs, joins BNN Bloomberg to discuss the steel outlook for Canada.
Watch Interview Online
AISI Chairman Lourenco Goncalves Applauds President Trump’s Action on Steel Tariffs
During the American Iron & Steel Institute (AISI) Annual Meeting in Washington D.C., Lourenco Goncalves, Chairman, President & CEO of Cleveland-Cliffs, and AISI Chairman, applauded President Donald Trump’s recent announcement to raise existing tariffs on imported steel from 25% to 50%.
“As Chairman of the American Iron & Steel Institute, our member companies applaud President Trump’s decisive move to raise tariffs on imported steel to 50 percent,” Mr. Goncalves said, “This bold action strengthens the American steel industry and safeguards the livelihoods of our nation’s steelworkers.”
Pictured: From left, Kevin Dempsey, AISI President & CEO, The Honorable Kevin Hassett, Director of the National Economic Council, The White House, and Lourenco Goncalves, Chairman, President & CEO of Cleveland-Cliffs.
Lourenco Goncalves CNBC interview about steel tariffs
Cleveland-Cliffs Chairman, President & CEO Lourenco Goncalves visited the CNBC's "Squawk on the Street" studio to discuss steel trade tariffs and strengthening the domestic steel industry in the U.S.. The interview is available on CNBC's YouTube channel.
Watch Interview on YouTube