Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2019. The Company reported consolidated revenues of $556 million, compared to the prior year's third-quarter consolidated revenues of $742 million. Cost of goods sold was $401 million compared to $480 million reported in the third quarter of 2018. The [...]
Cleveland-Cliffs Inc. announced that as of today, it has completed the erection of the 457-foot furnace reactor tower for its hot briquetted iron project in Toledo, OH. This represents a significant milestone in the construction process as the furnace tower was the key critical path item in facilitating the advanced start-up date for the commercial [...]
Cleveland-Cliffs Inc. today said it will be announcing third-quarter 2019 financial results before the U.S.-market open on Wednesday, October 23, 2019. 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: Wednesday, October 23 [...]
Cleveland-Cliffs Inc. today said it will be webcasting its company update presentation by Lourenco Goncalves at the 32nd Annual Credit Suisse Basic Materials Conference next week. The Company invites interested parties to listen to a live broadcast of the presentation. When: September 10, 2019, at 10:00 a.m. ET Presenter: Lourenco Goncalves [...]
Cleveland-Cliffs Inc. today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. In addition to the regular dividend, the Board of Directors also declared a special cash dividend of $0.04 per share, for a total dividend distribution of $0.10 per share. Both the regular [...]
Cleveland-Cliffs Inc. announced today that it has launched a new environmental section on its corporate website. The environmental section provides a comprehensive look at Cliffs’ progress and outcomes in key areas of its environmental performance and its contribution to clean steelmaking. Lourenco Goncalves, Cleveland-Cliffs’ Chairman [...]
Cleveland-Cliffs Inc. today reported second-quarter results for the period ended June 30, 2019. The Company reported consolidated revenues of $743 million, a 4 percent increase compared to the prior year's second-quarter consolidated revenues of $714 million. Cost of goods sold was $480 million compared to $430 million reported in the second [...]
Cleveland-Cliffs Inc. today said it will be announcing second-quarter 2019 financial results before the U.S.-market open on Friday, July 19, 2019. 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, July 19, 2019, at 9 [...]
Cleveland-Cliffs Inc. announced today that it will host a ribbon cutting ceremony for its expansion at Northshore Mining in Silver Bay, Minnesota on August 7. The Company will be celebrating the startup of the new production equipment, including supporting infrastructure, which will be completed on schedule and within a total investment budget of [...]
Cleveland-Cliffs announced today that it is redeeming in full, as set forth in the notice of redemption issued on April 30, 2019, all of its outstanding 4.875% Senior Notes due April 2021. Cliffs’ nearest debt maturity date is now in 2024. This redemption is part of the liability management transaction that also included the retirement of [...]
Cleveland-Cliffs Inc. announced today the early results of its previously announced offer to purchase for cash up to $600 million aggregate principal amount of its outstanding 5.75% Senior Guaranteed Notes due 2025 , subject to the terms and conditions set forth in the Company’s Offer to Purchase dated April 29, 2019 , including the Financing [...]
Cleveland-Cliffs Inc. announced today that it has priced $750 million aggregate principal amount of Senior Notes due 2027 in an offering that is exempt from the registration requirements of the Securities Act of 1933 . The Notes will bear interest at an annual rate of 5.875 percent and will be issued at a price of 96.125 percent of their principal [...]