Cleveland-Cliffs Inc. announced today that it has successfully completed a hydrogen injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America. This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023. Indiana Harbor #7 is among the largest blast furnaces in the [...]
Cleveland-Cliffs Inc. will announce its full-year and fourth-quarter 2023 earnings results after the U.S. market close on Monday, January 29, 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, January 30, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also [...]
Cleveland-Cliffs announced today that it has appointed renowned private equity executive, labor and political advisor Ron Bloom to its Board of Directors, effective immediately. With the addition of Mr. Bloom, the Cleveland-Cliffs' Board of Directors is now comprised of eleven members, of which ten are independent directors. After graduating with Distinction from the Harvard Business School, Ron Bloom started his career [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,150 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs [...]
Cleveland-Cliffs Inc. issued the following statement regarding the announced proposed acquisition of U.S. Steel by Nippon Steel. Lourenco Goncalves, Chairman, President of CEO of Cleveland-Cliffs, said, "We identified U.S. Steel as an extremely undervalued company with significant synergy potential when combined with Cleveland-Cliffs, creating a union-friendly American champion among the top-10 steelmakers in the world [...]
Cleveland-Cliffs announced today that the U.S. Department of Energy is featuring the Company in its Better Climate Challenge Road Show series. The Better Climate Challenge Road Show showcases real-world pathways for public and private organizations to decarbonize their buildings and plants. As a partner in the Better Climate Challenge, Cleveland-Cliffs has committed to emissions reduction goals across its portfolio. In [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,100 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $1,000 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $900 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs [...]
Cleveland-Cliffs announced today that the U.S. Department of Energy has recognized the Company as a GHG Emissions Reduction 2023 Goal Achiever through its Better Buildings Initiative and Better Climate Challenge. The Company achieved its first DOE goal by reducing its absolute scope 1 and 2 GHG emissions by 32 percent by year-end 2022 from a 2017 baseline and exceeding its target to reduce by 25 percent by the year 2030 [...]
Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2023. Selected financial results for the third quarter of 2023 include: Revenues of $5.6 billion Steel shipments of 4.1 million net tons, including record automotive shipments Net income of $275 million Earnings per diluted share attributable to Cliffs shareholders of $0.52 Adjusted EBITDA1 of $614 million Cash flow from [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $800 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs [...]
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