Can a company actively shedding more than a thousand jobs credibly argue that it's positioned to lead the future of American steel?
That is the fundamental question surrounding Cleveland-Cliffs’ proposed acquisition of U.S. Steel — a move that warrants closer scrutiny by policymakers, industry experts, and the public.
In recent weeks, Cleveland-Cliffs has announced significant layoffs across the Midwest: approximately 600 positions cut in Michigan and another 600 in Minnesota.
These reductions are not happening in a vacuum.
They come amid a bid to consolidate even more of the U.S. steel market.
The timing could not be more concerning.
Job losses of this type, affect communities, that have long been integral to U.S. industrial strength. Such job actions cast doubt on the company’s ability to responsibly manage an expanded portfolio of assets and workers.
The company’s recent financial disclosures purportedly further offer telling details.
Cleveland-Cliffs posted a $434 million loss in the fourth quarter of 2024, part of a broader pattern of volatility following a series of ambitious acquisitions.
At a moment when economic headwinds and reduced automotive demand are already straining the domestic manufacturing sector, Cleveland-Cliffs appears to be overextended — making cuts where stability is most needed.
The firm has seemingly presented itself as a champion of American industry, often invoking nationalistic themes and voicing strong support for protective trade policies.
Yet the juxtaposition of patriotic rhetoric with large-scale layoffs invites skepticism. Economic nationalism, if it is to be meaningful, must translate into commitments to American workers — not just strategic advantage for executives or shareholders.
Moreover, the proposed U.S. Steel acquisition would further concentrate an already consolidated industry.
That raises critical questions about long-term competitiveness, workforce stability, and the health of the broader domestic supply chain.
Is Cleveland-Cliffs struggling to sustain its current workforce and operations?
If so, how will it manage even greater responsibilities under the weight of an expanded enterprise?
This moment calls not just for scrutiny, but for a broader reflection on the principles guiding industrial consolidation in the United States.
Strategic industries like steel are central to national resilience — economically and geopolitically. Leadership in these sectors must be measured not only by market ambition, but by the capacity to deliver steady employment, responsible management, and lasting investment in American communities.
A healthy domestic steel industry requires more than consolidation. It demands financial discipline, operational excellence, and a sincere commitment to the workforce.
If Cleveland-Cliffs can't meet that standard with its current footprint, there is little reason to believe it will succeed with a larger one.
The future of American manufacturing deserves thoughtful stewardship — not overreach.
Diana London is a seasoned political strategist and commentator with over five years of experience on Capitol Hill. Currently a Newsmax columnist, Diana is President and Co-Founder of Ford & London Global Strategies, and Vice President of X Capital Investments. She also serves as CEO of The Secret Weapon Agency, specializing in crisis communications and public relations. She works on advancing conservative initiatives and empowering diverse communities as well as championing criminal justice reform. Read Diana London's Reports — More Here.
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