After a lot of anticipation, the U.S. steel industry can expect to see some payoff entering the new year if the bullish outlook of Lourenco Goncalves, chairman, president and CEO of Cleveland-Cliffs, rings true.
Speaking at the annual Goldman Sachs Global Metals and Mining Conference in New York on Thursday, Goncalves anticipated movement on tariffs at the federal level, gains on the company’s hot-briquetted iron (HBI) efforts and more help from China’s renewed pollution awareness.
And to the CEO, Cliffs is at the center of the domestic industry’s growth opportunities.
