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Cleveland-Cliffs announced more lay offs this week and reported a $483 million loss for the first quarter of 2025.
A Steelton rail facility is among six Cleveland-Cliffs plants that will be partially or fully idled in a cost-cutting move.
Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.
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' CEO reveals how unexpected tariffs on Canadian goods caught the steelmaker off guard. Cleveland-Cliffs ...
Cleveland-Cliffs ( CLF -15.25%) stock reported a loss last night that was much worse than anticipated, sending its stock ...
Cleveland Cliffs reported surprisingly weak first-quarter numbers, and announced it was idling some plants to reduce losses.
Shares of Cleveland Cliffs, the second-largest steelmaker in the U.S. by volume, have lost more than a third of their value ...
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Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.
The indefinite idling of these facilities is not due to steel tariffs,” a company spokesperson said in a statement.
According to our estimates, revenues are expected to reach $5.2 billion, while the consensus estimates for earnings forecast ...