Cleveland-Cliffs Inc is a leading iron ore mining company that specializes in the production and supply of iron ore pellets and other raw materials essential for steelmaking
With a focus on sustainable mining practices, the company operates various mining and processing facilities across the United States and Canada. Cleveland-Cliffs serves a diverse range of customers in the steel industry, offering high-quality iron ore products that support both domestic and international steel production. The company is committed to innovation and operational efficiency, aiming to meet the evolving demands of the market while prioritizing environmental stewardship.
The Ohio-based company called 2024 the “worst year” for domestic steel demand since 2010 and underscored that it was hit due to muted demand from the automotive industry.
Cleveland-Cliffs Inc. (NYSECLF) (“Cliffs”) announced today that it has upsized and priced $850 million aggregate principal amount of Senior Guaranteed Notes due 2031 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 7.500% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by Cliffs’ material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. The Notes offering is expected to close on February 6, 2025, subject to the satisfaction of customary closing conditions.
Cleveland-Cliffs, a leading domestic steel supplier, predicts 2024 to be a tough year due to muted demand and economic headwinds, but expects recovery in 2025 with support from Trump's agenda.
Cleveland-Cliffs reported preliminary 2024 results with a decrease in steel shipments and revenues, and plans to offer $750 million in Senior Guaranteed Notes.
Cleveland-Cliffs Inc. (NYSECLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of Senior Guaranteed Notes due 2031 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by Cliffs’ material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries.
Cleveland-Cliffs Inc. (NYSECLF) today announced its preliminary fourth-quarter and full-year 2024 financial results for the period ended December 31, 2024. The Company completed its acquisition of Stelco Holdings Inc. (“Stelco”) on November 1, 2024. Due to the accounting integration associated with the acquisition, only selected preliminary financial information is available at this time. The Company plans to announce its complete fourth-quarter and full-year 2024 earnings results after the U.S. market close on February 24, 2025. The below selected financial results expectations include the results of Stelco only from November 1, 2024 through December 31, 2024.
After the U.S. government blocked a $14 billion bid by Japan-based Nippon Steel, media reports suggested that Cleveland-Cliffs Inc. and Nucor Corp. could be interested in a joint bid to acquire U.S. Steel.
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Cleveland-Cliffs Inc. (NYSECLF) (“Cliffs”) will announce its full-year and fourth-quarter 2024 earnings results after the U.S. market close on Monday, February 24, 2025.
Cleveland-Cliffs CEO Lourenco Goncalves' comments about Japan’s trade practices and U.S. Steel’s sale to Nippon have drawn investor scrutiny on Stocktwits.
Cleveland-Cliffs Inc. (NYSECLF) will hold a press conference today at its Butler Works plant in Butler, Pennsylvania, featuring Chairman, President, and CEO Lourenco Goncalves. The event marks the five-year anniversary of Cleveland-Cliffs' acquisition of AK Steel. At the time of the acquisition five years ago, Cliffs made the strategic commitment to defend U.S. national security by preserving operations and jobs at Butler Works, where it produces the grain-oriented electrical steel critical for the supply of electricity to the country. The press conference will address issues important to Cleveland-Cliffs and the domestic steel industry, and will feature opening remarks and media Q&A.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The major indices experienced consecutive weekly losses, with the S&P 500 falling 1.9%, the Nasdaq Composite dropping 2.3%, and the Dow sliding nearly 1.9% this week.
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