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 .

The global mining steel industry is projected to grow at 4.63% CAGR, driven by construction, automotive, and infrastructure demands. The shift toward sustainable practices like EAF and DRI ...

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 Chairman, President and CEO Lourenco Goncalves said the steelmaker's $483 million loss in the first quarter ...

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 will lay off 559 workers as it idles two Pennsylvania plants, citing weak demand, losses, and plans to ...

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.