Cleveland-Cliffs

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Earnings data Q3 2024

Earnings data Q4 2024

Cleveland-Cliffs excels in 2022, focuses on cost efficiency and sustainability

Cleveland-Cliffs had a robust 2022, focusing on financial strength, cost efficiencies, and sustainability initiatives while navigating pricing challenges.
The company's commitment to reducing costs, enhancing client relationships, and pursuing growth opportunities positions it well for future success.
Despite financial challenges, Cleveland-Cliffs remains resilient, prioritizing operational excellence and strategic initiatives for sustainable growth.

Cleveland-Cliffs (CLF) doubles EBITDA in Q1, eyes green energy opportunities

Cleveland-Cliffs (CLF) reported a strong Q1 performance, exceeding expectations in key metrics and profitability. The company's strategic focus on cost management, sustainability, and high-value-added products positions it well for continued success in 2023. While challenges in cost management and inventory levels exist, opportunities in green energy markets and automotive demand offer avenues for growth.

Cleveland-Cliffs (CLF) reports stellar Q2 results and eyes growth opportunities

Cleveland-Cliffs (CLF) excelled in Q2, showcasing financial strength, operational efficiency, and sustainability efforts. While facing challenges in pricing and volume shifts, the company's strategic strengths and growth opportunities position it well for continued success. CLF's focus on innovation, cost reduction, and shareholder value creation underpins its positive outlook.

Cleveland-Cliffs reports robust Q3 earnings, eyes cost efficiencies and growth

Cleveland-Cliffs' Q3 performance reflects financial strength and strategic focus on cost efficiency and shareholder value. Challenges include the impact of the UAW strike and competitive pressures in the automotive industry. The company is well-positioned to capitalize on opportunities for cost savings and diversified demand.

Cleveland-Cliffs (CLF) reports strong Q4 earnings, prioritizes shareholder value

Cleveland-Cliffs (CLF) showcased robust financials in Q4 2023, prioritizing shareholder value through buybacks and debt reduction. Despite challenges in market dynamics and competition, CLF's focus on technological advancement and operational efficiency positions them well for future growth and stability.

Cleveland-Cliffs prioritizes shareholder value and sustainability in Q1 2024

Cleveland-Cliffs prioritizes shareholder value through share buybacks and sustainable initiatives, showcasing a rebound in profitability and commitment to long-term growth.
The company faces challenges from trade imports impacting facilities and pricing misalignments with competitors, while opportunities lie in decarbonization projects and operational enhancements.
Overall, Cliffs' performance in Q1 reflects a strategic focus on shareholder returns, workforce support, and organic growth, positioning itself for sustainable value creation and market expansion.

Cleveland-Cliffs (CLF) reports robust Q2 earnings, eyes growth opportunities

CLF's Q2 performance reflects financial strength, operational efficiency, and strategic priorities for growth and sustainability.
While facing challenges from market dynamics, CLF's disciplined approach to cost management and investments in growth areas offer resilience.
Opportunities in automotive sector, M&A, and sustainability initiatives position CLF for future expansion and value creation.
Overall, CLF's focus on financial discipline, market diversification, and sustainability goals underpin its strategic direction and long-term success.

Cleveland-Cliffs reports Q3 earnings impacted by steel demand challenges

Cleveland-Cliffs navigated challenges in Q3 with commendable cost performance and strategic acquisitions. The company's focus on operational efficiency and market positioning bodes well for future growth. Opportunities for expansion and synergy realization from the Stelco acquisition are key drivers of optimism.

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Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2024 earnings results after the U.S. market close on Monday, November 4, 2024. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Tuesday, November 5, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that addr.

Cleveland-Cliffs to Announce Third-Quarter 2024 Earnings Results on November 4 and Host Conference Call on November 5

HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that the Canadian Competition Bureau has issued a “no-action letter”, confirming that the Commissioner of Competition does not intend to challenge Cleveland-Cliffs' pending acquisition of Stelco. The acquisition is expected to be completed in the fourth quarter of 2024 following the satisfaction or waiver of the remaining closing conditions. About Stelco Stelco is a low cost, integra.

Canadian Competition Clearance Issued for Cleveland-Cliffs' Acquisition of Stelco

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge Cliffs' pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs remains on track to close the transaction this quarter. Lourenco Goncalves, Cliffs' Chairman, President and CEO, said, “We have achieved three important milestones this week toward cl.

Cleveland-Cliffs Receives Canadian Competition Bureau Clearance for the Acquisition of Stelco

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has upsized and priced $900 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $900 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The 2029 Notes will.

Cleveland-Cliffs Inc. Announces Upsizing and Pricing of Senior Unsecured Guaranteed Notes

Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco.

CLF Drops Over 4% Following Antitrust Approval for Stelco Acquisition

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $800 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $800 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933.

Cleveland-Cliffs Inc. Announces Proposed Offering of Senior Unsecured Guaranteed Notes

HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”), in connection with its pending sale to Cleveland-Cliffs Inc. The expiration of the HSR Act waiting period clears an important regulatory hurdle and marks a significant step toward the closing of the sale of Stelco, which is expected to occur in the fourth quarter of 20.

U.S. Antitrust Review for Cleveland-Cliffs' Acquisition of Stelco Waiting Period Expires

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”), in connection with its pending acquisition of Stelco Holdings Inc. (“Stelco”). The expiration of the HSR Act waiting period clears an important regulatory hurdle and marks a significant step toward the closing of this acquisition, which is expected to occur in the fourth quarter of 2024 follo.

Cleveland-Cliffs Clears U.S. Department of Justice Antitrust Review for the Acquisition of Stelco

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that it will be hosting United States Trade Representative (USTR) Katherine Tai, Acting Secretary of Labor Julie Su, Congresswoman Chrissy Houlahan, together with the Director of District 10 of the United Steelworkers (USW) Bernie Hall, at its Coatesville, PA mill on Friday, October 11. This visit follows USTR's recent final determination relating to increased Section 301 tariffs on imports of steel, electric vehicles and v.

Cleveland-Cliffs and United Steelworkers to Host Senior U.S. Government Officials at its Coatesville, Pennsylvania Steel Plant

The latest trading day saw Cleveland-Cliffs (CLF) settling at $12.99, representing a +1.72% change from its previous close.

Cleveland-Cliffs (CLF) Rises As Market Takes a Dip: Key Facts

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Cleveland-Cliffs (CLF) closed the most recent trading day at $12.25, moving -1.45% from the previous trading session.

Cleveland-Cliffs (CLF) Falls More Steeply Than Broader Market: What Investors Need to Know

Cleveland-Cliffs (CLF) closed the most recent trading day at $11.87, moving +0.85% from the previous trading session.

Cleveland-Cliffs (CLF) Rises Higher Than Market: Key Facts

TORONTO--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) announced today that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the “Arrangement”) pursuant to which 13421422 Canada Inc. (the “Purchaser”), a wholly-owned subsidiary of Cleveland-Cliffs Inc. (“Cliffs”), will acquire all of the issued and outstanding common shares of Stelco (the “Common Shares”). Subject to the satis.

Court Grants Final Order to Stelco Approving Arrangement with Cleveland-Cliffs

CLF remains optimistic about gaining final approvals and moving forward with its carbon-friendly, high-return project.

Cleveland-Cliffs Reiterates Commitment to Middletown Works Project

The resolution concerning CLF's previously-announced acquisition of Stelco has been approved at a special shareholder meeting.

Cleveland-Cliffs' Stelco Acquisition Gets Shareholder Approval

HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) is pleased to announce that holders (the “Company Shareholders”) of its common shares have voted in favour of the previously announced acquisition of Stelco by Cleveland-Cliffs Inc. by way of a plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”) at the Company's special meeting of the Company Shareholders (the “Meeting”) held on September 16, 2024. The c.

Stelco Announces Shareholder Approval of its Acquisition by Cleveland-Cliffs

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) is pleased to announce that the holders of common shares (the “Shareholders”) of Stelco Holdings Inc. (TSX: STLC) (“Stelco”) voted in favor of, and overwhelmingly approved, the special resolution (the “Arrangement Resolution”) regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the “Stelco Meeting”). The Arrangement Resolution received sup.

Cleveland-Cliffs Announces Shareholder Approval of Arrangement to Acquire Stelco

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) remains fully committed toward the transformational project underway at its Middletown Works integrated facility in Middletown, Ohio. As previously disclosed, Cliffs was selected for award negotiations for up to $500 million in total funding from the Department of Energy toward the replacement of its Middletown blast furnace with a Direct Reduced Iron (DRI) Plant and two Electric Melting Furnaces (EMF). The Company continu.

Cleveland-Cliffs Reaffirms Commitment to Middletown Works Decarbonization Project and Ongoing Partnership with the U.S. Department of Energy

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs' participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG.

Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility

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In the most recent trading session, Cleveland-Cliffs (CLF) closed at $11.35, indicating a +1.98% shift from the previous trading day.

Cleveland-Cliffs (CLF) Exceeds Market Returns: Some Facts to Consider

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News for Cleveland-Cliffs Stock (CLF)