Cleveland-Cliffs Inc. will announce its first-quarter 2022 earnings results before the U.S. market open on Friday, April 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 April 22, 2022, at 10:00am ET. The call can be [...]
Cleveland-Cliffs Inc. announced today that it has instructed the trustee to provide notice of redemption for the entirety of its remaining $607 million aggregate principal amount of outstanding 9.875% Senior Secured Notes due October 2025. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects the total [...]
Cleveland-Cliffs Inc. announced today that it will indefinitely idle its Indiana Harbor #4 blast furnace . This action is a result of the successful implementation of operational improvements, particularly the addition of significant amounts of HBI to the burden of blast furnaces and the maximization of scrap usage in BOFs. The employees allocated [...]
Cleveland-Cliffs Inc. today reported full-year and fourth-quarter results for the period ended December 31, 2021. Full-Year Consolidated Results Full-year 2021 consolidated revenues were $20.4 billion, compared to the prior year's consolidated revenues of $5.3 billion. For the full year 2021, the Company generated net income of $3.0 billion, or [...]
Cleveland-Cliffs Inc. will announce its fourth-quarter and full-year 2021 earnings results before the U.S. market open on Friday, February 11, 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 February 11, 2022, at 10:00am [...]
Cleveland-Cliffs Inc. announced today that it has instructed the trustee to provide notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due 2025. The redemption will take place on January 18, 2022, the earliest possible date for redemption pursuant to the Indenture governing the Notes. Noteholders may convert [...]
Cleveland-Cliffs Inc. announced today that it has successfully completed the acquisition of Ferrous Processing and Trading Company, including certain related entities . The final necessary regulatory clearances in connection with the transaction were obtained on November 17. FPT is now a wholly owned subsidiary of Cleveland-Cliffs Inc. FPT, which [...]
Cleveland-Cliffs Inc. announced today that it has entered into a partnership with the U.S. Department of Energy as part of the Better Climate Challenge initiative, a new government-sponsored effort challenging organizations to set ambitious, portfolio-wide GHG emission reduction goals. The initiative provides additional opportunities for peer [...]
Cleveland-Cliffs Inc. announced today it took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award. Lourenco [...]
Winners from Russia, Brazil, India, South Korea, Sweden, and US - CEO/Chairperson of the Year: Lourenco Goncalves, Cleveland-Cliffs - - Lifetime Achievement Award: David DeYoung, Alcoa - Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America and supplier to the North American automotive industry, was a triple winner at the [...]
Cleveland-Cliffs Inc. announced today that its employees represented by the United Auto Workers Local 3044 have ratified a three-year labor contract for its Rockport Works operation. The new contract is effective from October 1, 2021 through September 30, 2024. The new contract will cover approximately 350 UAW-represented workers at Rockport [...]
Cleveland-Cliffs Inc. will announce its third-quarter 2021 earnings results before the U.S. market open on Friday, October 22, 2021. 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 22, 2021, at 10:00am ET. The call can be [...]
