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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, ...
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 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 ...
It says the idlings will result in $300 million a year in savings without impacting flat-rolled steel output. It says the ...
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 ...
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Zacks Investment Research on MSNCleveland-Cliffs (CLF) Reports Q1 Loss, Tops Revenue EstimatesCleveland-Cliffs (CLF) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to earnings of $0.18 per share a year ago. These figures ...
The future of the proposed transformer manufacturing facility in Weirton is facing uncertainty after union leaders learned ...
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