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United States Metal forecast a gradual revenue subsequent yr, leaping out with an unusually detailed outlook for 2024 as the corporate evaluates a number of bids for its enterprise.
CEO David Burritt stated Friday throughout an investor name that U.S. Metal has obtained “critical curiosity from many extremely credible bidders,” although he didn’t identify names or give any deadline for a choice.
Thus far, rival Cleveland-Cliffs is the one present bidder that has publicly disclosed its curiosity within the 122-year-old firm.
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