Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. announced today that it has priced $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2029 and $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2031 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The 2029 Notes will [...]

Cleveland-Cliffs Inc. announced today that it intends to offer to sell, subject to market and other conditions, senior unsecured guaranteed notes to be issued by the Company in separate series of notes due 2029 and 2031 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Notes will be guaranteed on a [...]

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 [...]