Cleveland-Cliffs Inc. will announce its first-quarter 2025 earnings results after the U.S. market close on Wednesday, May 7, 2025. 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 Thursday, May 8, 2025, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and [...]
Cleveland-Cliffs Inc. today announced a company-wide "Buy American" incentive for its nearly 30,000 employees. During the calendar year 2025, any Cleveland-Cliffs employee who purchases or leases a new American-built vehicle with substantial Cliffs' steel content will receive a $1,000 cash bonus in connection with the purchase. Lourenco Goncalves, Cliffs' Chairman, President and CEO said: "We are pleased to do our part to [...]
Cleveland-Cliffs Inc. provided the following statement regarding the recent developments related to the United States Government decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon Steel of Japan: Lourenco Goncalves, Chairman, President and CEO stated: "As of this morning, Nippon Steel and U.S. Steel continue to play the blame game in a desperate attempt to distract from their [...]
Cleveland-Cliffs Inc. announced today that it has appointed Jane M. Cronin to its Board of Directors, effective immediately. Ms. Cronin is Senior Vice President - Finance of The Sherwin-Williams Company, a global manufacturer, developer, distributor and seller of paint, coatings and related products. Since joining Sherwin-Williams in 1989, Ms. Cronin held roles of increasing responsibility with her most recent position as [...]
Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights Revenues of $4.6 billion Steel shipments of 3.8 million net tons GAAP net loss of $230 million and adjusted net loss1 of $156 million Adjusted EBITDA2 of $124 million Does not include Stelco's third-quarter adjusted EBITDA3 of US$64 million and adjusted EBITDA3 margin of 13% Liquidity of $3.8 [...]
Cleveland-Cliffs Inc. and Stelco Holdings Inc. have agreed to merge in a cash and stock combination. Each share of Stelco Holdings will be exchanged for 0.454 new Cleveland-Cliffs shares and $60.00 CAD cash. The transaction has received shareholder and regulatory approvals and is expected to close on November 1, 2024, subject to customary closing conditions. Stelco Holdings shares are expected to delist shortly after [...]
Cleveland-Cliffs Inc. today announced that it has received regulatory and program approvals under the Investment Canada Act and Strategic Innovation Fund, the final approvals needed to complete Cliffs' pending acquisition of Stelco Holdings Inc. . With these approvals in hand, the acquisition can move to closing. The transaction is currently scheduled to close on November 1, 2024. About Cleveland-Cliffs Inc [...]
Cleveland-Cliffs Inc. 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. . 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 [...]
Cleveland-Cliffs Inc. 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 and $800 million aggregate principal amount of Senior Guaranteed Notes due 2033 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Notes will be guaranteed on a senior unsecured basis by [...]
Cleveland-Cliffs Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 , in connection with its pending acquisition of Stelco Holdings Inc. . 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 [...]
Cleveland-Cliffs Inc. announced that it will be hosting United States Trade Representative Katherine Tai, Acting Secretary of Labor Julie Su, Congresswoman Chrissy Houlahan, together with the Director of District 10 of the United Steelworkers 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 [...]
Cleveland-Cliffs Inc. is pleased to announce that the holders of common shares of Stelco Holdings Inc. voted in favor of, and overwhelmingly approved, the special resolution regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today . The Arrangement Resolution received support of 99.97% of the total votes cast for the Arrangement Resolution. The [...]
Indem Sie auf die Schaltfläche "Alle Cookies akzeptieren" klicken, erklären Sie sich damit einverstanden, dass Webseite und Dritte Cookies auf Ihrem Gerät speichern und darauf zugreifen dürfen. Diese Cookies werden für Betrieb der Webseite, Analysen und interessenbezogene Werbung verwendet.
Ihre erteilte Einwilligung können Sie jederzeit ändern oder widerrufen mit Hilfe des "Zahnrad"-Symbols rechts unten in Ihrem Browserfenster.
