Lourenco Goncalves Wikipedia, Biography, Age, Nationality, Net Worth, Wife, Career, Salary, Family
Lourenco Goncalves Wikipedia, Biography
Lourenco Goncalves is a highly respected executive in the metals and mining industry, currently serving as the Chairman, President, and Chief Executive Officer (CEO) of Cleveland-Cliffs Inc. since August 2014. Under his leadership, the company has undergone a significant transformation, becoming the largest flat-rolled steel producer and the leading iron ore pellet supplier in North America.
Lourenco Goncalves’ tenure has been marked by major acquisitions, including AK Steel in March 2020, ArcelorMittal USA in December 2020, Ferrous Processing and Trading Company in November 2021, and Stelco Holdings Inc. in November 2024.
Before joining Cleveland-Cliffs, Goncalves served as the Chairman, President, and CEO of Metals USA Holdings Corp. for over a decade, where he led the company to significant growth. Earlier in his career, he was President and CEO of California Steel Industries, Inc., where he further honed his expertise in steel production and operations. His professional background also includes roles at Companhia Siderúrgica Nacional (CSN) in Brazil, where he gained valuable experience in operations and sales.
Beyond his corporate leadership, Goncalves plays a significant role in industry organizations. He currently serves as the Chairman of the Board for the American Iron and Steel Institute (AISI), a position that highlights his influence in shaping the industry’s future.
Age, Nationality, and Ethnicity
Born in 1958 in Rio de Janeiro, Brazil, Lourenco Goncalves is currently 66 years old. He holds Brazilian nationality and is of white ethnicity.
Early Life and Family
Goncalves was raised by his mother, Ivany Goncalves, an elementary school teacher, after his parents separated during his early childhood. His father, Bernardino Goncalves, was largely absent from his upbringing. Lourenco has a younger brother, Sergio Goncalves, born in 1960.
Education
Goncalves’ academic journey is rooted in metallurgical engineering. He earned a Bachelor’s degree in Metallurgical Engineering from the Military Institute of Engineering in Rio de Janeiro. Furthering his expertise, he obtained a Master of Science degree in Metallurgical Engineering from the Federal University of Minas Gerais in Belo Horizonte, Brazil.
Career
Companhia Siderúrgica Nacional (CSN)
Goncalves began his career at CSN, a major steel and mining company in Brazil, where he held various positions in operations and sales. This experience laid the foundation for his extensive knowledge in the steel industry.
California Steel Industries, Inc.
After his tenure at CSN, Goncalves served as President and Chief Executive Officer (CEO) of California Steel Industries, Inc. for five years. In this role, he honed his leadership skills and deepened his understanding of the steel manufacturing process.
Metals USA Holdings Corp.
Goncalves then took on the role of Chairman of the Board, President, and CEO of Metals USA Holdings Corp., serving for over a decade. His leadership was instrumental in guiding the company through significant growth and operational success.
Cleveland-Cliffs Inc.
In August 2014, Goncalves assumed the roles of Chairman, President, and CEO of Cleveland-Cliffs Inc. His strategic vision led to a series of acquisitions that transformed the company into a leading entity in the U.S. steel industry:
- AK Steel Acquisition (March 2020): This move marked Cleveland-Cliffs’ entry into primary steel production, expanding its market presence.
- ArcelorMittal USA Acquisition (December 2020): This acquisition positioned Cleveland-Cliffs as the largest flat-rolled steel producer in North America.
- Ferrous Processing and Trading Company (November 2021): This acquisition expanded Cleveland-Cliffs’ raw material portfolio, particularly in the scrap recycling market.
- Stelco Holdings Inc. (November 2024): This acquisition further solidified Cleveland-Cliffs’ position in the North American steel market.
Under Goncalves’ leadership, Cleveland-Cliffs also constructed a state-of-the-art Direct Reduction Plant in Toledo, Ohio, which began operations in November 2020. This facility produces hot briquetted iron (HBI), an environmentally friendly metallic feedstock designed to reduce greenhouse gas emissions.
Net Worth and Salary
As of 2025, Lourenco Goncalves’ estimated net worth is at least $56 million. His compensation as Chairman, President, and CEO of Cleveland-Cliffs Inc. includes an annual salary of approximately $16 million.
Personal Life
Lourenco Goncalves is married to his second wife, Rosangela Goncalves, since 1987. Together, they have two children: a son, Celso L. Goncalves Jr., and a daughter, Daniela Goncalves. Celso Jr. serves as the Chief Financial Officer (CFO) at Cleveland-Cliffs Inc., highlighting a family deeply involved in the steel industry.
Political Affiliation
Specific information regarding Lourenco Goncalves’ political affiliation is not publicly disclosed. His professional focus remains centered on the steel industry and corporate leadership.
Conclusion
Lourenco Goncalves’ journey from his early days in Brazil to leading one of the most significant steel companies in North America is a testament to his strategic vision, leadership, and dedication. His contributions have not only transformed Cleveland-Cliffs Inc. but have also had a lasting impact on the U.S. steel industry.
FAQs
What is Lourenco Goncalves’ current role?
He is the Chairman, President, and CEO of Cleveland-Cliffs Inc.
How old is Lourenco Goncalves?
He is 66 years old, born in 1958.
What is his educational background?
He holds a Bachelor’s and a Master’s degree in Metallurgical Engineering from institutions in Brazil.
Who is his wife?
His wife is Rosangela Goncalves, whom he married in 1987.
Does he have children?
Yes, a son named Celso L. Goncalves Jr. and a daughter named Daniela Goncalves.
What notable awards has he received?
He received the “Steelmaker of the Year” award in 2021 and the “CEO/Chairperson of the Year” Global Metals Award in 2021.
What major acquisitions has he led at Cleveland-Cliffs?
He led the acquisitions of AK Steel, ArcelorMittal USA, Ferrous
What major acquisitions has Lourenco Goncalves led at Cleveland-Cliffs?
Under his leadership, Cleveland-Cliffs acquired AK Steel in March 2020, ArcelorMittal USA in December 2020, Ferrous Processing and Trading Company in November 2021, and Stelco Holdings Inc. in November 2024.
