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Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.
Cleveland-Cliffs recently reported a challenging first quarter, with sales declining from $5,199 million to $4,629 million and a widened net loss of $495 million, compared to $67 million in the ...
but Cleveland-Cliffs actually lost $0.92. Operating revenue was $4.5 billion, not the $4.6 billion Wall Street wanted. Image source: Getty Images. Not all the news was bad. Consolidated revenue ...
Cleveland-Cliffs says it’s abandoning plans for a new electrical distribution transformer production plant in Weirton, part of several cost-cutting moves the steelmaker is undergoing up against ...
Shares of Cleveland Cliffs, the second-largest steelmaker in the U.S. by volume, have lost more than a third of their value in the past six months. That's despite President Trump’s tariffs on ...
Cleveland-Cliffs Inc. (CLF) reported its first-quarter 2025 earnings, revealing a larger-than-expected loss and a revenue shortfall. The company posted an earnings per share (EPS) of -$0.92 ...
Cleveland-Cliffs (NYSE: CLF) stock reported a loss last night that was much worse than anticipated, sending its stock tumbling in early trading Thursday, down 16.2% through 10:35 a.m. ET.
Cleveland-Cliffs stock has underperformed, but I remain optimistic about a recovery driven by automotive resurgence, asset optimization, and the expiration of a detrimental slab contract.
Cost containment continues at Cleveland-Cliffs Inc. (NYSE: CLF), which announced it will no longer pursue development of a transformer plant in Weirton, West Virginia. Cliffs said late Wednesday, May ...
WEIRTON, W.Va. (WTRF) — The future of the proposed transformer manufacturing facility in Weirton is facing uncertainty after union leaders learned that the project is facing major challenges.
Cleveland-Cliffs Inc. (CLF) reported its first-quarter 2025 earnings, revealing a larger-than-expected loss and a revenue shortfall. The company posted an earnings per share (EPS) of -$0.92, missing ...
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