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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, ...
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 ...
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 ...
On Wednesday, following the closure of the stock market, it was learned that plans to convert Weirton’s Cleveland-Cliffs ...
The union and local management were caught off-guard by the forthcoming idling of the south suburban mill in Riverdale that ...
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 ...
Cleveland-Cliffs says the steel plants being idled fall outside of its core business focus. Photo courtesy of Cleveland-Cliffs Inc. Cleveland-based mining and steelmaking company Cleveland-Cliffs Inc.
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