The Great Lakes Clean Hydrogen coalition today announced it has received encouragement from the U.S. Department of Energy to proceed with the development and submittal of their full hydrogen hub application. The coalition, which is led by Linde , Energy Harbor, Cleveland-Cliffs Inc. , GE Aerospace and the University of Toledo, along with the Glass [...]
Cleveland-Cliffs Inc. today announced the following updates on its latest commercial and operational developments. The Company affirmed that, with a large portion of its fixed price contractual volumes already renewed in its most recent negotiating cycles, Cliffs will achieve higher annual fixed prices for steel in the calendar year 2023 compared [...]
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 by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $750 per net ton. This additional price increase is in [...]
Cleveland-Cliffs Inc. today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels brand of [...]
Cleveland-Cliffs Inc. announced that its initial phase of research being conducted with funding from the U.S. Department of Energy's Office of Clean Energy Demonstrations is coming to a close. Based on the results of the initial study, Cleveland-Cliffs has submitted an application on Monday, Dec. 5 for funding from the DOE's OCED for the next phase [...]
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 by a minimum of $60 per ton, effective immediately with all new orders. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 [...]
Energy Harbor along with Linde, GE Aerospace, Cleveland-Cliffs, The University of Toledo and other members of the Great Lakes Clean Hydrogen Partnership today announced they have moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and [...]
The Great Lakes Clean Hydrogen Partnership comprised of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs and the University of Toledo today announced it has moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and technology [...]
The Great Lakes Clean Hydrogen Partnership comprised of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs and the University of Toledo today announced it has moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and technology [...]
Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2022. Third-quarter 2022 consolidated revenues were $5.7 billion, compared to the prior-year third-quarter revenues of $6.0 billion. For the third quarter of 2022, the Company recorded net income of $165 million, or $0.29 per diluted share attributable to [...]
Cleveland-Cliffs Inc. announced today that its new labor agreement with the United Steelworkers has been ratified. The contract covers approximately 12,000 USW-represented employees at 13 operating locations, and has a 4-year duration from its starting date of September 1, 2022. Combined with the previously ratified labor agreement covering 2,000 [...]
Cleveland-Cliffs Inc. will announce its third-quarter 2022 earnings results before the U.S. market open on Tuesday, October 25, 2022. 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 October 25, 2022, at 10:00 am ET. The call can [...]