The future of the proposed transformer manufacturing facility in Weirton is facing uncertainty after union leaders learned ...

It says the idlings will result in $300 million a year in savings without impacting flat-rolled steel output. It says the ...

Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.

The indefinite idling of these facilities is not due to steel tariffs,” a company spokesperson said in a statement.

Cleveland-Cliffs ( CLF -15.25%) stock reported a loss last night that was much worse than anticipated, sending its stock tumbling in early trading Thursday, down 16.2% through 10:35 a.m. ET.

Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.

The Cleveland-based company said it had a loss of $1 per share. Losses, adjusted for non-recurring costs, came to 92 cents per share. The results missed Wall Street expectations. The average estimate ...

Steelmaker Cleveland-Cliffs Inc. (NYSE: CLF) says it will indefinitely idle three steel plants — two in Pennsylvania and one in Illinois — this summer. The idles "are a necessary response to ...

Cleveland-Cliffs will indefinitely idle its Conshohocken, Riverdale, and Steelton steel mills this summer due to weak demand ...