After rejecting Cleveland-Cliffs’ $7.3 billion offer, U.S. Steel explores alternatives.

U.S. Steel was valued at nearly $7.3 billion in the unsolicited cash-and-stock offer from Ohio-based Cliffs.

Cliffs made their offer public after U.S. Steel rejected it as “unreasonable” and began a formal review process.

The United Steelworkers union, the largest steel industry organisation in North America.