Cleveland-Cliffs Inc. today announced the pricing of its underwritten public offering of 60,000,000 common shares, par value $0.125 per share , which consists of 40,000,000 currently outstanding Common Shares offered by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal S.A. and 20,000,000 Common Shares [...]
Cleveland-Cliffs Inc. today announced that it has commenced an underwritten public offering of 60,000,000 common shares, par value $0.125 per share , which consists of 40,000,000 currently outstanding Common Shares offered by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal S.A. and 20,000,000 Common [...]
Cleveland-Cliffs Inc. announced today that it has set a target to reduce its greenhouse gas emissions by 25 percent by 2030. This goal represents combined Scope 1 and Scope 2 greenhouse gas emission reductions on a mass basis compared with 2017 baseline levels. The Company has published a detailed plan outlining its strategic priorities on its [...]
Cleveland-Cliffs Inc. today announced its preliminary fourth-quarter financial results for the period ended December 31, 2020. The Company completed its acquisition of ArcelorMittal USA on December 9, 2020. Due to the extensive accounting integration associated with the transaction, only selected preliminary financial information is available at [...]
Cleveland-Cliffs Inc. announced today that its philanthropic organization, The Cleveland-Cliffs Foundation, has made several commitments totaling more than $1 million in cash contributions to several food distribution organizations in the local communities where the Company operates throughout the United States and Canada. The Foundation plans to [...]
Cleveland-Cliffs Inc. today announced that it has received from the Bureau of Competition of the Federal Trade Commission notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries . This clearance [...]
Cleveland-Cliffs Inc. today praised President Trump and his Administration for taking action to save 1,400 jobs at AK Steel’s Butler, Pennsylvania and Zanesville, Ohio operations. President Trump’s Administration will be moving forward with a Section 232 action implementing a remedy covering imported laminations and cores of Grain Oriented [...]
Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2020. The Company reported total revenues of $1.6 billion, compared to the prior year's third-quarter consolidated revenues of $556 million. The Company recorded net income of $2 million during the third quarter of 2020. The loss of $0.02 per diluted share [...]
Cleveland-Cliffs Inc. announced today it will be reporting third-quarter 2020 financial results before the U.S.-market open on Friday, October 23, 2020. 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. When: Friday, October 23 [...]
Cleveland-Cliffs Inc. announced that it has entered into a definitive agreement with ArcelorMittal S.A. , pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled [...]
Cleveland-Cliffs Inc. today reported second-quarter results for the period ended June 30, 2020. The Company reported total revenues of $1.1 billion, compared to the prior year's second-quarter consolidated revenues of $743 million. The Company recorded a net loss of $108 million during the second quarter of 2020, and a loss of $0.31 per diluted [...]
Cleveland-Cliffs Inc. today announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Founded in 1847, Cleveland-Cliffs is [...]