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Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.
It says the idlings will result in $300 million a year in savings without impacting flat-rolled steel output. It says the ...
The indefinite idling of these facilities is not due to steel tariffs,” a company spokesperson said in a statement.
Q1 Earnings: Cleveland-Cliffs reported first-quarter revenue of $4.63 billion, missing analyst estimates of $4.64 billion, ...
Steelmaker scraps plans for transformer plant.
On Wednesday, following the closure of the stock market, it was learned that plans to convert Weirton’s Cleveland-Cliffs ...
Steelmaker Cleveland-Cliffs will indefinitely idle three steel plants this summer HARRISBURG, Pa. -- Steelmaker Cleveland-Cliffs will indefinitely idle three steel plants this summer, saying ...
Ohio-based steel producer reportedly will idle an EAF melt shop in Pennsylvania and a basic oxygen furnace complex in ...
STEELTON, Pa. (WHTM) – The Cleveland-Cliffs Inc. plant in Steelton will be closing, according to LaRue Hess, president of Steelworkers Union Local 1688. A company spokesperson confirmed plans to ...
Cleveland Cliffs in recent weeks had announced that it will idle or partially idle two iron ore mines in Minnesota, affecting 630 workers. It also said in March that it will idle a steel plant in ...