Cleveland-Cliffs Inc. is pleased to announce that it has entered into a definitive agreement to acquire Stelco Holdings Inc. . The acquisition confirms Cliffs' commitment and leadership in integrated steel production in North America, and also brings an additional 1,800 United Steelworkers union employees into Cliffs' workforce. Under the terms of [...]
Cleveland-Cliffs Inc. will announce its second-quarter 2024 earnings results after the U.S. market close on Monday, July 22, 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, July 23, 2024, at 8:30 am ET. The call [...]
Cleveland-Cliffs Inc. announced that Lourenco Goncalves, Chairman, President and Chief Executive Officer is hosting Senator Sherrod Brown and leadership from the United Steelworkers, David McCall, USW International President and Donnie Blatt, Director of USW District 1, at its Cleveland Works plant in Ohio on Wednesday, June 26 for a press [...]
Cleveland-Cliffs Inc. announced today that it has set new greenhouse gas emissions reduction targets. The Company's prior commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 25% by 2030, relative to 2017 levels, has already been successfully achieved well ahead of schedule. Cleveland-Cliffs' new goals set forth below, relative to [...]
Cleveland-Cliffs Inc. today applauded the International Trade Commission's unanimous decision to uphold tariffs on tin mill products from Japan. After recently rejecting tariffs on tin mill products from several countries including China, the ITC correctly declared that Japan is different - Japan is not a fair trade partner with the United States [...]
Cleveland-Cliffs Inc. today reported first-quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights Repurchased 30.4 million shares, or 6% of total outstanding Revenues of $5.2 billion Steel shipments of 3.9 million net tons GAAP net loss of $53 million and adjusted net income1 of $87 million Adjusted EPS1 of $0.18 per [...]
Cleveland-Cliffs Inc. announced that it is hosting Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania today, April 22nd. The Secretary's visit follows the recent Department of Energy's final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel in virtually all of [...]
Cleveland-Cliffs Inc. today applauded the Department of Energy's final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel in virtually all of Cliffs' current distribution transformer end markets. With this revised rule, the DOE acknowledged the fundamental importance of GOES and [...]
Cleveland-Cliffs Inc. announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs' continued progress on environmental, social and governance performance for 2023, including its achievements in reducing greenhouse gas emissions and decarbonization initiatives. It also includes a Limited Assurance Review [...]
Cleveland-Cliffs Inc. will announce its first-quarter 2024 earnings results after the U.S. market close on Monday, April 22, 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, April 23, 2024, at 8:30 am ET. The call [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices by $60 per net ton 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 [...]
Cleveland-Cliffs Inc. announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department of Energy to pursue two decarbonization investments at Middletown Works in Ohio and Butler Works in Pennsylvania. Following successful negotiations, these projects will [...]