The moves means nearly 1,000 people will lose their jobs. Executives say they’ve been asked about selling assets that could ...

The steelmaker lost more than $480 million in the first three months of 2025 and is responding by cutting back capacity .

Cleveland Cliffs reported surprisingly weak first-quarter numbers, and announced it was idling some plants to reduce losses.

Cleveland-Cliffs announced more lay offs this week and reported a $483 million loss for the first quarter of 2025.

Cleveland-Cliffs announced in a Worker Adjustment and Retraining Notification (WARN) notice filed with the Pennsylvania ...

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 ...

As mines idle and classrooms empty, the ripple effects have communities bracing for an uncertain future amid economic ...

ON MAY 8 reported first-quarter 2025 a GAAP net loss of $483 million, or $1.00 per diluted share, with an adjusted net loss of $456 million, ...

Cleveland-Cliffs reported a larger than expected Q1 adjusted loss and an 11% Y/Y decline in revenues to $4.63B, and announced ...

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 ...

Steelmaker Cleveland-Cliffs Inc. (NYSE: CLF) says it will indefinitely idle three steel plants — two in Pennsylvania and one ...