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Cleveland-Cliffs announced more lay offs this week and reported a $483 million loss for the first quarter of 2025.
Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.
WEIRTON, W.Va. — As details continue to emerge surrounding Cleveland-Cliffs' decision to discontinue plans with the ...
The Weirton project was rolled out with considerable fanfare in July 2024. Cliffs’ plan was to repurpose its closed Weirton ...
A Steelton rail facility is among six Cleveland-Cliffs plants that will be partially or fully idled in a cost-cutting move.
Nick Giles, B. Riley Securities: Asked about the timeline for achieving $300 million in cost savings. Celso Goncalves explained that savings would begin in the second half of 2025, with specific ...
Cleveland Cliffs reported surprisingly weak first-quarter numbers, and announced it was idling some plants to reduce losses.
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 ...
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.
Cleveland-Cliffs is laying off more workers, this time in Illinois and Pennsylvania. The steelmaker is idling its Conshohocken and Steelton mills in Pennsylvania, as well as its Riverdale mill in ...
HARRISBURG, Pa. (AP) — Steelmaker Cleveland-Cliffs will indefinitely idle three steel plants this summer, saying Friday that it is being buffeted by sluggish demand and pricing for some products ...
Cleveland-Cliffs (NYSE:CLF) plans to release its earnings on May 7, 2025. According to our estimates, revenues are expected to reach $5.2 billion, while the consensus estimates for earnings ...