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 [...]
Cleveland-Cliffs Inc. announced today that its employees represented by the United Steelworkers at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified new 47-month labor agreements at those locations. The agreements are effective on October 1, 2022, and cover approximately 2,000 [...]
Cleveland-Cliffs Inc. announced today that it has reached a tentative agreement with the United Steelworkers on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in [...]
Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon steel hot rolled, cold rolled and coated steel products by a minimum of $75 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North [...]
Cleveland-Cliffs Inc. today reported second-quarter results for the period ended June 30, 2022. Second-quarter 2022 consolidated revenues were $6.3 billion, compared to the prior-year second-quarter revenues of $5.0 billion. For the second quarter of 2022, the Company recorded net income of $601 million, or $1.13 per diluted share attributable to [...]
Cleveland-Cliffs Inc. will announce its second-quarter 2022 earnings results before the U.S. market open on Friday, July 22, 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 July 22, 2022, at 10:00 am ET. The call can be [...]
Cleveland-Cliffs Inc. announced today that it was named to the Fortune 500 list for the first time since its transformation from a mining company to become the largest flat-rolled steel company and the largest supplier of steel to the automotive industry in North America. Cleveland-Cliffs' 2021 revenue of $20.4 billion earned Cleveland-Cliffs the [...]
Cleveland-Cliffs Inc. announced today that its philanthropic organization, The Cleveland-Cliffs Foundation, is committed to addressing food insecurity as one of its key areas of social responsibility. Since the start of 2022, The Cleveland-Cliffs Foundation has made cash contributions totaling more than $1 million to food distribution organizations [...]
Cleveland-Cliffs Inc. will ring The Closing Bell at the New York Stock Exchange today, May 3, 2022. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, members of the company's board of directors and executive management team will participate in the event to celebrate the company's 175th year anniversary. Lourenco [...]
Cleveland-Cliffs Inc. today reported first-quarter results for the period ended March 31, 2022. First-quarter 2022 consolidated revenues were $6.0 billion, compared to the prior-year first-quarter revenues of $4.0 billion. For the first quarter of 2022, the Company recorded net income of $801 million, or $1.50 per diluted share. This included the [...]
