Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say
1. Cleveland Cliffs plans to bid for U.S. Steel amid halted Nippon acquisition. 2. The proposed bid involves paying high $30s per share in cash. 3. Nucor is set to acquire Big River Steel from Cleveland Cliffs post-acquisition. 4. National security concerns led to block of Nippon Steel's $14 billion bid. 5. U.S. Steel shares currently priced at $34.24, impacting potential deal dynamics.