Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.

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

On Wednesday, Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America, announced that plans to ...

In an earnings call today, company officials elaborated on their reasoning, saying abandonment of the project would result in ...

Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ETCompany ParticipantsLourenco Goncalves - Chairman, President ...

Cleveland-Cliffs is idling plants and reducing spending ... and its investment in a West Virginia transformer production site. CEO Lourenco Goncalves explained the moves are designed to streamline ...

Ohio-based steelmaker reportedly will idle an EAF melt shop in Pennsylvania and a basic oxygen furnace complex in Illinois.

Cleveland-Cliffs President and CEO Lourenco Goncalves ... If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you ...