Cleveland-Cliffs Inc (N:CLF)
Business Focus: Steel
Apr 22, 2024 07:00 am ET
Cleveland-Cliffs to Host United States Secretary of Energy Jennifer Granholm at its Butler Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced that it is hosting Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania today, April 22nd. The Secretary’s visit follows the recent Department of Energy’s (DOE) final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of electrical distribution transformer end markets. Cleveland-Cliffs is the sole producer of GOES in the United States, and was selected for award negotiations for up to $75 million in total funding from the DOE to pursue a deca
Apr 04, 2024 10:37 am ET
Cleveland-Cliffs Applauds DOE’s Final Transformer Efficiency Standard Rule
Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Energy’s (DOE) final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of Cliffs’ current distribution transformer end markets.
Apr 03, 2024 04:05 pm ET
Cleveland-Cliffs Issues Sustainability Report for 2023
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs’ continued progress on environmental, social and governance (ESG) performance for 2023, including its achievements in reducing greenhouse gas (GHG) emissions and decarbonization initiatives. It also includes a Limited Assurance Review issued by Deloitte & Touche LLP.
Apr 02, 2024 04:10 pm ET
Cleveland-Cliffs to Announce First-Quarter 2024 Earnings Results on April 22 and Host Conference Call on April 23
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2024 earnings results after the U.S. market close on Monday, April 22, 2024.
Mar 27, 2024 09:21 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.
Mar 25, 2024 06:12 am ET
Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department of Energy (DOE) to pursue two decarbonization investments at Middletown Works in Ohio and Butler Works in Pennsylvania. Following successful negotiations, these projects will allow for substantial reductions in greenhouse gas (GHG) emissions across the Cliffs’ footprint and will also create efficiencies that meaningfully drive down operating costs while securing and growing good-paying Union jobs. T
Mar 18, 2024 09:30 am ET
Cleveland-Cliffs Announces Final Results of Tender Offer
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”).
Mar 07, 2024 05:24 pm ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $840 per net ton.
Mar 04, 2024 03:24 pm ET
Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 7.000% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. The offering is expected to close o
Mar 04, 2024 08:16 am ET
Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”), at the price set forth below.
Mar 04, 2024 08:13 am ET
Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries.
Feb 29, 2024 07:00 am ET
Cleveland-Cliffs and the United Steelworkers Union Jointly Comment on the Tin Mill Products Final Report Released by the ITC
The U.S. International Trade Commission (ITC) this week issued public documents detailing the rationale behind its unanimous negative injury determination in the tin mill products trade case brought by co-petitioners Cleveland-Cliffs and the United Steelworkers (USW). This determination by the ITC negated the implementation of anti-dumping and countervailing duties calculated by the Department of Commerce and will result in the continuation of widespread unfair trade practices in the tin mill products market.
Feb 15, 2024 06:00 am ET
Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being issued today to approximately 900 impacted employees. These employees will be provided relocation opportunities to work a
Jan 29, 2024 04:05 pm ET
Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2023 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2023.
Jan 26, 2024 02:42 pm ET
Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial at Indiana Harbor #7 Blast Furnace
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America. This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023. Indiana Harbor #7 is among the largest blast furnaces in the entire world, both in size and production capacity. IH#7 also compares favorably against similar equipment in Japan, Korea, China or Europe, for its techn
Jan 05, 2024 04:00 pm ET
Cleveland-Cliffs Applauds Department of Commerce’s Final Determinations on Antidumping and Countervailing Duties for Tin Mill Products
Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Commerce’s Final Antidumping and Countervailing Determinations on tin mill products from several trade partners responsible for unfair trade. In January 2023, Cleveland-Cliffs and the United Steelworkers jointly filed an antidumping and countervailing duty trade case alleging that a surge of dumped and subsidized tin mill product imports had materially injured Cleveland-Cliffs’ Weirton operation and its USW workforce.
Jan 05, 2024 08:44 am ET
Cleveland-Cliffs to Announce Full-Year and Fourth-Quarter 2023 Earnings Results on January 29 and Host Conference Call on January 30
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its full-year and fourth-quarter 2023 earnings results after the U.S. market close on Monday, January 29, 2024.
Jan 03, 2024 01:17 pm ET
Cleveland-Cliffs Appoints Ron Bloom to its Board of Directors
Cleveland-Cliffs (NYSE: CLF) announced today that it has appointed renowned private equity executive, labor and political advisor Ron Bloom to its Board of Directors, effective immediately. With the addition of Mr. Bloom, the Cleveland-Cliffs’ Board of Directors is now comprised of eleven members, of which ten are independent directors.
Jan 03, 2024 08:45 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,150 per net ton.
Dec 18, 2023 09:25 am ET
Cleveland-Cliffs Comments on Transformative Global Industry Consolidation and Updates Investors on Capital Allocation Priorities
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs” or “the Company”) issued the following statement regarding the announced proposed acquisition of U.S. Steel by Nippon Steel.
Dec 07, 2023 07:00 am ET
Cleveland-Cliffs is Featured in the U.S. Department of Energy Better Climate Challenge Road Show
Cleveland-Cliffs announced today that the U.S. Department of Energy (DOE) is featuring the Company in its Better Climate Challenge Road Show series. The Better Climate Challenge Road Show showcases real-world pathways for public and private organizations to decarbonize their buildings and plants.
Dec 06, 2023 08:16 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,100 per net ton.
Nov 07, 2023 12:02 pm ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,000 per net ton.
Oct 31, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.
Oct 26, 2023 07:00 am ET
Cleveland-Cliffs Recognized by U.S. Department of Energy as a Better Climate Challenge Goal Achiever for GHG Emissions Reduction
Cleveland-Cliffs announced today that the U.S. Department of Energy (DOE) has recognized the Company as a GHG Emissions Reduction 2023 Goal Achiever through its Better Buildings Initiative and Better Climate Challenge. The Company achieved its first DOE goal by reducing its absolute scope 1 and 2 GHG emissions by 32 percent by year-end 2022 from a 2017 baseline and exceeding its target to reduce by 25 percent by the year 2030.
Oct 23, 2023 04:05 pm ET
Cleveland-Cliffs Reports Third-Quarter 2023 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2023.
Oct 19, 2023 10:57 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $800 per net ton.
Oct 13, 2023 10:45 am ET
Cleveland-Cliffs Applauds Department of Energy’s $1 Billion Funding of Midwest Hydrogen Hub
Cleveland-Cliffs applauds today’s announcement by the Department of Energy (DOE) that it has awarded funding under the Bipartisan Infrastructure Law for several hydrogen hubs, including the Midwest Alliance for Clean Hydrogen (MachH2). MachH2 is expected to generate numerous sources of clean hydrogen production across the U.S. Midwest, including in Northwest Indiana near Cleveland-Cliffs’ two largest steel plants, Indiana Harbor and Burns Harbor. Cleveland-Cliffs is currently constructing a pipeline to bring hydrogen from the fence to Indiana Harbor Blast Furnace #7.
Oct 04, 2023 07:00 am ET
Cleveland-Cliffs to Announce Third-Quarter 2023 Earnings Results on October 23 and Host Conference Call on October 24
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2023 earnings results after the U.S. market close on Monday, October 23, 2023.
Sep 27, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $750 per net ton.
Sep 25, 2023 04:51 pm ET
Cleveland-Cliffs Mourns the Passing of Tom Conway, USW International President
Cleveland-Cliffs Inc. (NYSE: CLF) mourns the loss of USW International President, Tom Conway.
Sep 08, 2023 07:00 am ET
Cleveland-Cliffs’ New Labor Contract with the United Steelworkers Ratified for its Northshore Mining Operations
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Steelworkers (USW) at its Northshore Mining operations in Minnesota ratified a new 3-year labor agreement. The agreement covers approximately 430 USW-represented employees at Cleveland-Cliffs Northshore.
Aug 29, 2023 09:55 pm ET
Cleveland-Cliffs and the United Steelworkers Reach Tentative Labor Agreement for Northshore Mining Operations
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 3-year labor agreement. The new contract will cover approximately 430 USW-represented workers at Cliffs’ Northshore Mine in Minnesota.
Aug 17, 2023 10:13 pm ET
Cleveland-Cliffs Receives Exclusive Assignment of Right to Bid from United Steelworkers
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) today announced receipt of the assignment of the United Steelworkers’ (USW) right to bid under their Basic Labor Agreement with United States Steel Corporation (NYSE:X) (“U.S. Steel”). With this exclusive assignment, Cliffs is the only realistic buyer able to acquire the totality of U.S. Steel. Furthermore, Cliffs has agreed to assume, upon closing of a transaction, all of the agreements between U.S. Steel and the USW that are applicable to the U.S. Steel employees.
Aug 13, 2023 03:32 pm ET
Cleveland-Cliffs Proposes to Acquire U.S. Steel
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) is publicly announcing a previously private offer that it had presented to the Board of the United States Steel Corporation (NYSE:X) (“U.S. Steel”) on July 28, 2023. That offer, which was reiterated in writing to the U.S. Steel Board on August 11, 2023, proposed acquiring 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock. On July 28, 2023, this implied a total consideration value of $35.00 per share of U.S. Steel stock, which represented a 42% premium to U.S. St
Jul 24, 2023 04:11 pm ET
Cleveland-Cliffs Reports Second-Quarter 2023 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2023.
Jul 10, 2023 04:15 pm ET
Cleveland-Cliffs to Announce Second-Quarter 2023 Earnings Results on July 24 and Host Conference Call on July 25
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its second-quarter 2023 earnings results after the U.S. market close on Monday, July 24, 2023.
Jun 21, 2023 03:35 pm ET
Cleveland-Cliffs Applauds Preliminary Determination by the U.S. Department of Commerce in Tin Mill Products Trade Case
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it applauds the preliminary determination reached by the U. S. Department of Commerce that producers of Tin Mill Products from China benefit from significant countervailable government subsidies. The subsidy rate for Baoshan Iron and Steel is 542.55 percent and for Jingtang Iron and Steel is 89.02 percent. The rate of 89.02 percent applies to all other exporters. In addition, Commerce announced that it was initiating an investigation of additional subsidies alleged by Cleveland-Cliffs and the United Steelworks (USW) as petitioners.
Jun 21, 2023 07:00 am ET
Cleveland-Cliffs and the United Auto Workers Reach New Labor Agreement for Coshocton Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it has reached a new three-year labor agreement with the United Auto Workers (UAW) for Coshocton Works, to become effective July 31, 2023. The agreement is tentative, pending ratification by UAW local union membership, and will cover approximately 330 UAW-represented workers.
Jun 20, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Flat-Rolled Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $950 per net ton.
Jun 09, 2023 12:17 pm ET
Cleveland-Cliffs Amends and Extends ABL Facility Maturity to 2028
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully amended and extended its asset-based lending credit facility (ABL). The amendment extends the maturity date of the facility to June 9, 2028 and transitions the benchmark interest rate from LIBOR to SOFR. The borrowing base of the amended ABL now includes the assets of Ferrous Processing & Trading Company (FPT), which was acquired by Cleveland-Cliffs in November 2021.
Jun 05, 2023 11:23 am ET
Cleveland-Cliffs Ranked #170 on Fortune 500 list for 2023
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it was named to the Fortune 500 list, once again among the top 200 companies. Cleveland-Cliffs’ 2022 revenue of $23 billion earned Cleveland-Cliffs the ranking of 170 on the list for 2023. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years.
May 25, 2023 02:26 pm ET
Cleveland-Cliffs Gains Minnesota Executive Council Approval of Iron Ore Mineral Leases at Nashwauk
Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today regarding the Minnesota Executive Council’s approval of state mineral leases for more than 2,600 acres of iron ore at the Nashwauk mine site in Itasca County, Minnesota. Today’s approval is a final action and Cleveland-Cliffs has now assumed these leases.
May 08, 2023 01:40 pm ET
Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial at Middletown Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Middletown Works blast furnace. This groundbreaking introduction of hydrogen gas as an iron reducing agent in the blast furnace is the first ever use of this carbon friendly technology in the Americas region. The successful use of hydrogen gas represents a significant step toward the future decarbonization of blast furnaces, which are necessary for the continued service of the most quality-intensive steel applications, particularly for the automotive ind
May 05, 2023 01:42 pm ET
Cleveland-Cliffs New 4-Year Labor Agreement Ratified by the IAM Represented Employees at Middletown Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the International Association of Machinists and Aerospace Workers (IAM) Local 1943 at its Middletown Works steelmaking plant ratified a new 4-year labor agreement. The new agreement is effective on May 15, 2023, and covers approximately 2,100 hourly employees.
May 04, 2023 02:53 pm ET
Cleveland-Cliffs Reaches Agreement for State of Minnesota Iron Ore Mineral Leases at Nashwauk
Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today related to the Minnesota Department of Natural Resources (DNR) determination that it will ask the Executive Council to approve new leases with Cleveland-Cliffs for state ore near Nashwauk, Minnesota.
May 02, 2023 09:19 am ET
Great Lakes Clean Hydrogen Hub Coalition Submits Application for DOE Funding
TOLEDO, Ohio, May 2, 2023 /PRNewswire/ -- The Great Lakes Clean Hydrogen Hub coalition (GLCH) has submitted a full application for federal funding from the $8 billion U.S. Department of Energy (DOE) program to support the creation of regional clean hydrogen hubs under the Infrastructure Investment and Jobs Act.
Apr 26, 2023 07:00 am ET
Cleveland-Cliffs Reaches Tentative Labor Agreement with the IAM for its Middletown Works Operation
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the International Association of Machinists and Aerospace Workers (IAM) Local 1943 on a new 4-year agreement for its Middletown Works steelmaking operation. The contract will be effective on May 15, 2023, and will cover approximately 2,100 hourly employees.
Apr 24, 2023 04:05 pm ET
Cleveland-Cliffs Reports First-Quarter 2023 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2023.
Apr 14, 2023 12:18 pm ET
Cleveland-Cliffs Completes Offering of $750 Million of Senior Unsecured Guaranteed Notes due 2030
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has closed its previously priced offering of $750 million aggregate principal amount of senior unsecured guaranteed notes due 2030 (the “Notes”), which were priced at 6.75% annual coupon and issued at par.
Apr 11, 2023 02:58 pm ET
Cleveland-Cliffs Announces Pricing of $750 Million of Senior Unsecured Guaranteed Notes due 2030
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has priced $750 million aggregate principal amount of senior unsecured guaranteed notes due 2030 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 6.75% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. The offering is expected to close on Apri
Apr 11, 2023 07:54 am ET
Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of senior unsecured guaranteed notes due 2030 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries.
Apr 11, 2023 07:51 am ET
Cleveland-Cliffs Provides Preliminary First-Quarter 2023 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today provided its preliminary first-quarter financial results for the period ended March 31, 2023.
Apr 05, 2023 07:00 am ET
Cleveland-Cliffs to Announce First-Quarter 2023 Earnings Results on April 24 and Host Conference Call on April 25
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2023 earnings results after the U.S. market close on Monday, April 24, 2023.
Apr 03, 2023 07:00 am ET
Cleveland-Cliffs Inc. Issues Its Sustainability Report for 2022
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2022. The Company is pleased to share its continued progress on environmental, social and governance (ESG) performance for 2022, including the progress made toward its 2030 greenhouse gas (GHG) emissions reduction goal.
Apr 03, 2023 07:00 am ET
Cleveland-Cliffs Raises Price for Hot Rolled Steel to $1,300 per net ton
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,300 per net ton.
Mar 27, 2023 07:00 am ET
Cleveland-Cliffs Awarded by General Motors GM’s 2022 Supplier of the Year for Sixth Straight Year
Cleveland-Cliffs Inc. (NYSE: CLF) was named a 2022 GM Supplier of the Year by General Motors at its 31th annual Supplier of the Year awards ceremony in San Antonio, Texas. This is the sixth consecutive year Cleveland-Cliffs has received the award.
Mar 15, 2023 06:09 pm ET
Cleveland-Cliffs and Its Employees Donate to Address Food Insecurity in more than 45 Communities Across North America
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it continues to address food insecurity as one of its key areas of social responsibility. The Company held its third annual Souper Bowl Food Drive across all of its operations earlier this year and collected 240,000 pounds of non-perishable food items. In conjunction with the food donations, Cleveland-Cliffs and The Cleveland-Cliffs Foundation have also made cash contributions totaling $500,000 to more than 48 food distribution organizations in the local communities where the Company operates throughout the United States and Canada. The $5
Mar 13, 2023 07:00 am ET
Cleveland-Cliffs Raises Price for Hot Rolled Steel to $1,200 per net ton
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,200 per net ton.
Mar 03, 2023 11:28 am ET
Cleveland-Cliffs Applauds Unanimous U.S. International Trade Commission Affirmative Preliminary Vote in Tin Mill Products Trade Case
Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the U.S. International Trade Commission’s unanimous affirmative preliminary determination on all countries in response to antidumping and countervailing duty petitions on tin and chromium coated sheet steel products (“tin mill products”) filed by Cleveland-Cliffs and the United Steelworkers (“USW”). This affirmative preliminary determination relates to petitions seeking antidumping duties on U.S. imports of tin mill products from Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom. The petitions a
Mar 02, 2023 09:18 am ET
Cleveland-Cliffs Announces Price Increase for Plate Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current base prices for its steel plate products by a minimum of $60 per net ton. This price increase includes as-rolled, normalized, and quench and tempered steel plate products, and is effective immediately with all new, non-contract orders. Cliffs also reserves the right to re-quote any open offers not confirmed by a Cliffs order acknowledgment.
Feb 27, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,100 per net ton.
Feb 21, 2023 10:27 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,000 per net ton.
Feb 13, 2023 04:15 pm ET
Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2022 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2022.
Feb 13, 2023 10:03 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.
Feb 02, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $850 per net ton.
Jan 19, 2023 07:00 am ET
Cleveland-Cliffs to Announce Fourth-Quarter and Full-Year 2022 Earnings Results on February 14
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its fourth-quarter and full-year 2022 earnings results before the U.S. market open on Tuesday, February 14, 2023.
Jan 18, 2023 07:00 am ET
Cleveland-Cliffs and the United Steelworkers File Trade Cases On Unfairly Traded Tin Mill Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has partnered with the United Steelworkers (USW) in filing antidumping and countervailing duty petitions against eight countries related to unfairly traded tin and chromium coated sheet steel products (“tin mill products”). The petitions seek the imposition of antidumping duties on U.S. imports of tin mill products from Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom. The petitions also seek the imposition of countervailing duties on U.S. imports of tin mill products from China.
Jan 17, 2023 07:00 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled, and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders.
Jan 13, 2023 07:36 am ET
Great Lakes Clean Hydrogen Coalition Encouraged to Submit Full Application by U.S. Department of Energy
TOLEDO, Ohio, Jan. 13, 2023 /PRNewswire/ -- The Great Lakes Clean Hydrogen coalition (GLCH) today announced it has received encouragement from the U.S. Department of Energy (DOE) to proceed with the development and submittal of their full hydrogen hub application. The coalition, which is led by Linde (NYSE: LIN; FWB: LIN), Energy Harbor, Cleveland-Cliffs Inc. (NYSE: CLF), GE Aerospace and the University of Toledo, along with the Glass Manufacturing Industry Council (GMIC), was among 79 organizations submitting concept papers to the DOE for development consideration. The proposal, by GLCH, w
Dec 22, 2022 09:46 am ET
Thinking about buying stock in Mullen Automotive, Cleveland-Cliffs, CarMax, IsoPlexis, or Teva Pharmaceutical?
NEW YORK, Dec. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MULN, CLF, KMX, ISO, and TEVA.
Dec 22, 2022 07:00 am ET
Cleveland-Cliffs Achieves Price Increases on Fixed-Price Contracts for 2023
Cleveland-Cliffs Inc. (NYSE: CLF) today announced the following updates on its latest commercial and operational developments.
Dec 13, 2022 01:22 pm ET
Cleveland-Cliffs Announces Additional Price Increase for Hot Rolled, Cold Rolled, and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $750 per net ton. This additional price increase is in response to market feedback following the Company’s November price increase, as well as improving dynamics in the raw materials and distribution markets.
Dec 13, 2022 07:00 am ET
Cleveland-Cliffs Introduces New MOTOR-MAX™ Non-Oriented Electrical Steels for High Frequency Motors and Generators
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels (HF NOES) brand of electrical steels, which are designed for high speed motors, electric vehicle (EV) traction motors, aircraft generators and other rotating equipment. From research to production, Cleveland-Cliffs has the experience and capabilitie
Dec 07, 2022 07:43 am ET
Cleveland-Cliffs Submits Application for Front-End Engineering Design for Large-Scale Carbon Capture
Cleveland-Cliffs Inc. (NYSE: CLF) announced that its initial phase of research being conducted with funding from the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) is coming to a close. Based on the results of the initial study, Cleveland-Cliffs has submitted an application on Monday, Dec. 5 for funding from the DOE’s OCED for the next phase of research for the front-end engineering design (FEED) for large-scale carbon capture at its Burns Harbor integrated iron and steel facility located in Northwest Indiana.
Nov 28, 2022 10:13 am ET
Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled, and Coated Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $60 per ton, effective immediately with all new orders.
Oct 25, 2022 07:00 am ET
Cleveland-Cliffs Reports Third-Quarter 2022 Results and Announces $1.8 Billion Reduction in Net Pension/OPEB Liabilities
Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2022.
Oct 12, 2022 01:57 pm ET
Cleveland-Cliffs Announces Ratification of New Labor Agreement with the USW Covering 12,000 Union Members
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its new labor agreement with the United Steelworkers (USW) has been ratified. The contract covers approximately 12,000 USW-represented employees at 13 operating locations, and has a 4-year duration from its starting date of September 1, 2022. Combined with the previously ratified labor agreement covering 2,000 USW-represented employees at the Company’s mining and pelletizing operations, Cliffs and the USW have concluded the renegotiating cycle with contracts valid through September of 2026.
Oct 05, 2022 07:00 am ET
Cleveland-Cliffs to Announce Third-Quarter 2022 Results on October 25
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2022 earnings results before the U.S. market open on Tuesday, October 25, 2022.
Sep 30, 2022 10:40 am ET
Cleveland-Cliffs’ New Labor Contract with the United Steelworkers Ratified for its Mining and Pelletizing Operations
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Steelworkers (USW) at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified new 47-month labor agreements at those locations. The agreements are effective on October 1, 2022, and cover approximately 2,000 USW-represented employees at Cleveland-Cliffs Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula.
Sep 14, 2022 10:46 am ET
Thinking about buying stock in Altimmune, Transocean, Cleveland-Cliffs, Ensysce Biosciences, or Kiora Pharmaceuticals?
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ALT, RIG, CLF, ENSC, and KPRX.
Sep 09, 2022 10:35 am ET
Cleveland-Cliffs Reaches Tentative Labor Agreement with United Steelworkers for its Mining and Pelletizing Operations
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula.
Aug 27, 2022 01:50 pm ET
Cleveland-Cliffs and the United Steelworkers Reach Tentative Labor Agreement
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 4-year labor contract that will be effective on September 1, 2022.
Aug 24, 2022 03:04 pm ET
Cleveland-Cliffs Announces Price Increase for Carbon Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon steel hot rolled, cold rolled and coated steel products by a minimum of $75 per ton, effective immediately with new orders in North America.
Jul 22, 2022 07:00 am ET
Cleveland-Cliffs Reports Second-Quarter 2022 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2022.
Jul 06, 2022 04:15 pm ET
Cleveland-Cliffs to Announce Second-Quarter 2022 Results on July 22
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its second-quarter 2022 earnings results before the U.S. market open on Friday, July 22, 2022.
May 23, 2022 07:00 am ET
Cleveland-Cliffs Ranked 171 on Fortune 500 list for 2022
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it was named to the Fortune 500 list for the first time since its transformation from a mining company to become the largest flat-rolled steel company and the largest supplier of steel to the automotive industry in North America. Cleveland-Cliffs’ 2021 revenue of $20.4 billion earned Cleveland-Cliffs the ranking of 171 on the list for 2022, surpassing its previous highest ranking ever of 366 in 2012. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years
May 10, 2022 02:04 pm ET
Cleveland-Cliffs and Its Employees Donate to Address Food Insecurity Across North America and in Ukraine
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its philanthropic organization, The Cleveland-Cliffs Foundation, is committed to addressing food insecurity as one of its key areas of social responsibility. Since the start of 2022, The Cleveland-Cliffs Foundation has made cash contributions totaling more than $1 million to food distribution organizations in the local communities where the Company operates throughout the United States and Canada. The Cleveland-Cliffs Foundation also recently pledged a donation of $100,000 to support the people of Ukraine through the World Central Kitchen
May 03, 2022 07:00 am ET
Cleveland-Cliffs Inc. Celebrates 175 Years Milestone
Cleveland-Cliffs Inc. (NYSE: CLF) will ring The Closing Bell at the New York Stock Exchange today, May 3, 2022. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, members of the company’s board of directors and executive management team will participate in the event to celebrate the company’s 175th year anniversary.
May 02, 2022 07:00 am ET
Cleveland-Cliffs Inc. Issues Its Comprehensive Sustainability Report for 2021
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2021. Earlier this year, the Company reported through its annual financial filings that it achieved all-time annual records in revenues, net income, Adjusted EBITDA and free cash flow, and is pleased to report its continued progress on environmental, social and governance (ESG) performance.
Apr 22, 2022 08:30 am ET
Thinking about buying stock in Indonesia Energy, Phio Pharmaceuticals, Redbox Entertainment, DiDi Global, or Cleveland-Cliffs?
NEW YORK, April 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for INDO, PHIO, RDBX, DIDI, and CLF.
Apr 22, 2022 06:00 am ET
Cleveland-Cliffs Reports First-Quarter 2022 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2022.
Mar 31, 2022 07:00 am ET
Cleveland-Cliffs to Announce First-Quarter 2022 Results on April 22
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2022 earnings results before the U.S. market open on Friday, April 22, 2022.
Mar 29, 2022 03:05 pm ET
Cleveland Cavaliers and Cleveland-Cliffs Expand Partnership, Announce Cliffs Jersey Patch on Cavs Jersey
Since 1847, Cliffs has been headquartered in Cleveland and operating in the Great Lakes region. The Company’s headquarters are located downtown, less than a half mile from the home of the Cavaliers, Rocket Mortgage FieldHouse. They have a long-standing relationship with the team and have entitlement branding to one of the marquee north entry points into the glass atrium of the newly transformed and completely modernized FieldHouse. Cliffs is also the only steel company to have a jersey patch partnership within the NBA.
Mar 21, 2022 07:00 am ET
Cleveland-Cliffs to Fully Redeem its 9.875% Senior Secured Notes due 2025
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for the entirety of its remaining $607 million aggregate principal amount of outstanding 9.875% Senior Secured Notes due October 2025. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects the total payment to holders of the Notes including the redemption premium to be approximately $677 million, plus accrued and unpaid interest, if any, to, but not including, the redemption date, which is expected to be on April 20, 2022. The Notes
Mar 17, 2022 01:25 pm ET
Cleveland-Cliffs Awarded by General Motors GM’s 2021 Supplier of the Year for Fifth Straight Year
Cleveland-Cliffs Inc. (NYSE: CLF) was named a 2021 GM Supplier of the Year by General Motors at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, earlier this week. This is the fifth consecutive year Cleveland-Cliffs has received the award.
Feb 21, 2022 11:24 am ET
Cleveland-Cliffs Announces Indefinite Idle of Indiana Harbor #4 Blast Furnace and Notifies of Flat-Rolled Price Increase
Cleveland-Cliffs Inc. announced today that it will indefinitely idle its Indiana Harbor #4 blast furnace (IH#4). This action is a result of the successful implementation of operational improvements, particularly the addition of significant amounts of HBI to the burden of blast furnaces and the maximization of scrap usage in BOFs. The employees allocated to IH#4 will be reassigned to other positions within Indiana Harbor Works, as the number of available job openings at the Indiana Harbor complex exceeds the amount of jobs associated with IH#4. The Company will continue normal operations of the
Feb 11, 2022 09:50 am ET
Thinking about buying stock in Kaival Brands, Banco Bradesco, Cleveland-Cliffs, DiDi Global, or Lumen Technologies?
NEW YORK, Feb. 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KAVL, BBD, CLF, DIDI, and LUMN.
Feb 11, 2022 07:00 am ET
Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2021 Results and Announces $1 Billion Share Repurchase Program
Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2021.
Jan 11, 2022 04:15 pm ET
Cleveland-Cliffs to Announce Fourth-Quarter and Full-Year 2021 Earnings Results on February 11
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its fourth-quarter and full-year 2021 earnings results before the U.S. market open on Friday, February 11, 2022.
Jan 05, 2022 09:55 am ET
Thinking about buying stock in Lixte Biotechnology, Data Storage, Castlight Health, Cleveland-Cliffs, or Caladrius Biosciences?
NEW YORK, Jan. 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LIXT, DTST, CSLT, CLF, and CLBS.
Dec 15, 2021 09:50 am ET
Thinking about buying stock in Luminar Technologies, Cleveland-Cliffs, Pulmatrix, Adagio Therapeutics, or Ensysce Biosciences?
NEW YORK, Dec. 15, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LAZR, CLF, PULM, ADGI, and ENSC.
Dec 01, 2021 07:00 am ET
Cleveland-Cliffs to Fully Redeem its 1.50% Convertible Senior Notes due 2025
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due 2025. The redemption will take place on January 18, 2022, the earliest possible date for redemption pursuant to the Indenture governing the Notes.
Nov 18, 2021 06:26 am ET
Cleveland-Cliffs Completes Acquisition of Ferrous Processing and Trading Company
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed the acquisition of Ferrous Processing and Trading Company, including certain related entities (“FPT”). The final necessary regulatory clearances in connection with the transaction were obtained on November 17. FPT is now a wholly owned subsidiary of Cleveland-Cliffs Inc.
Nov 03, 2021 02:06 pm ET
Cleveland-Cliffs Partners with U.S. Department of Energy through Better Climate Challenge Initiative
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has entered into a partnership with the U.S. Department of Energy (DOE) as part of the Better Climate Challenge initiative, a new government-sponsored effort challenging organizations to set ambitious, portfolio-wide GHG emission reduction goals.
Oct 30, 2021 07:55 pm ET
Cleveland-Cliffs Comments on U.S.-EU Steel Section 232 Agreement
Cleveland-Cliffs Inc., (NYSE: CLF) today issued the following statement regarding the announcement by President Biden’s Administration of an alternative steel Section 232 arrangement between the United States and the European Union.
Oct 22, 2021 08:35 am ET
Thinking about buying stock in Phunware, Salem Media, Mattel, Biotricity, or Cleveland-Cliffs?
NEW YORK, Oct. 22, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PHUN, SALM, MAT, BTCY, and CLF.
Oct 22, 2021 07:00 am ET
Cleveland-Cliffs Reports Record Third-Quarter 2021 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2021.
Oct 15, 2021 06:00 am ET
Cleveland-Cliffs and Lourenco Goncalves Awarded Top Honors at S&P Global Platts 2021 Global Metals Ceremony
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award.
Oct 11, 2021 06:00 am ET
Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition
Cleveland-Cliffs Inc. (the “Company”) (NYSE: CLF) announced today that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market. FPT currently processes approximately t
Oct 04, 2021 02:52 pm ET
Cleveland-Cliffs’ New 3-Year Labor Contract with United Auto Workers Ratified at Rockport Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Auto Workers (UAW) Local 3044 have ratified a three-year labor contract for its Rockport Works operation. The new contract is effective from October 1, 2021 through September 30, 2024. The new contract will cover approximately 350 UAW-represented workers at Rockport.
Oct 01, 2021 09:03 am ET
Cleveland-Cliffs to Announce Third-Quarter 2021 Earnings Results on October 22
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2021 earnings results before the U.S. market open on Friday, October 22, 2021.
Aug 30, 2021 07:00 am ET
Cleveland-Cliffs Announces Executive Management Promotions
Cleveland-Cliffs Inc. (NYSE: CLF) today announced the promotion of three key leaders at the executive level, effective September 1, 2021. The announcement comes as Cliffs seeks to broaden its already robust raw material portfolio by expanding its scrap recycling presence, an activity that will fall under a newly created division named Cleveland-Cliffs Services. The ongoing steel business stays within Cleveland-Cliffs Steel, an already existing Cleveland-Cliffs Inc.’s division.
Aug 24, 2021 05:41 pm ET
Cleveland-Cliffs Reports Final Results of the Company-Wide COVID Vaccination Incentive Program
Cleveland-Cliffs Inc. (NYSE: CLF) today announced the results of its COVID-19 Vaccination Incentive Program.
Aug 19, 2021 10:35 am ET
Thinking about buying stock in Sonnet BioTherapeutics, Biocept, ReShape Lifesciences, Tencent Music Entertainment, or Cleveland-Cliffs?
NEW YORK, Aug. 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SONN, BIOC, RSLS, TME, and CLF.
Aug 11, 2021 10:55 am ET
Thinking about buying stock in Dyadic Int, Seanergy Maritime, Cleveland-Cliffs, United States Steel, or Lightning Emotors?
NEW YORK, Aug. 11, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DYAI, SHIP, CLF, X, and ZEV.
Aug 05, 2021 01:38 pm ET
Cleveland-Cliffs’ New 3-Year Labor Contract with United Auto Workers Ratified at Dearborn Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Auto Workers (UAW) Local 600 have ratified a three-year labor contract for its Dearborn Works operations. The new contract is retroactively effective from August 1, 2021 through July 31, 2024, and will cover approximately 1,000 UAW-represented workers at Dearborn.
Jul 29, 2021 10:50 am ET
Thinking about buying stock in NanoVibronix, TAL Education, Cleveland-Cliffs, Nikola Corp, or Acer Therapeutics?
NEW YORK, July 29, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NAOV, TAL, CLF, NKLA, and ACER.
Jul 28, 2021 01:00 am ET
Cleveland-Cliffs Completes Redemption of All Outstanding Preferred Shares with $1.2 Billion in Cash, Reducing Diluted Share Count by 10%
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has completed the redemption of the entirety of its outstanding Series B Participating Redeemable Preferred Stock held by an affiliate of ArcelorMittal S.A. for approximately $1.2 billion, or $21.18 per common share for the equivalent of approximately 58 million common shares. The redemption was completed with existing liquidity. The elimination of the preferred shares from Cleveland-Cliffs’ capital structure reduces the Company’s diluted share count by 10% on a pro-forma basis.
Jul 22, 2021 10:51 am ET
Thinking about buying stock in Chembio Diagnostics, Cleveland-Cliffs, SoFi Technologies, FirstEnergy, or Endo Int?
NEW YORK, July 22, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CEMI, CLF, SOFI, FE, and ENDP.
Jul 22, 2021 07:00 am ET
Cleveland-Cliffs Reports Record Second-Quarter 2021 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2021.
Jul 16, 2021 07:00 am ET
Cleveland-Cliffs Issues Its Comprehensive Sustainability Report for 2020
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its full Sustainability Report 2020. In response to feedback from many of its stakeholders, Cleveland-Cliffs developed its Sustainability Report 2020 with reference to the widely-used Global Reporting Initiative’s (GRI) comprehensive sustainability reporting framework and Sustainability Accounting Standards Board (SASB) standards. The GRI framework encourages greater transparency from organizations through standardized principles and indicators for tracking and reporting on environmental, social and governance (ESG) perfor
Jun 23, 2021 07:00 am ET
Cleveland-Cliffs Awarded by General Motors GM’s Supplier of the Year for Fourth Straight Year
Cleveland-Cliffs Inc. (NYSE: CLF) was named GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 29th annual Supplier of the Year Awards on Tuesday, June 22, 2021. This is the fourth consecutive year Cleveland-Cliffs/AK Steel has received the award.
Jun 15, 2021 10:50 am ET
Thinking about trading options or stock in Draftkings, GameStop, Freeport-McMoRan, Novavax, or Cleveland-Cliffs?
NEW YORK, June 15, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, GME, FCX, NVAX, and CLF.
Jun 15, 2021 07:00 am ET
Cleveland-Cliffs Announces Increase to Second-Quarter and Full-Year 2021 Financial Guidance
Cleveland-Cliffs Inc. (NYSE: CLF) today provided updated financial guidance based on its most recent 2021 financial forecast.
Jun 10, 2021 09:31 am ET
Thinking about trading options or stock in Eli Lilly, Pfizer, GameStop, Cleveland-Cliffs, or FuelCell Energy?
NEW YORK, June 10, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LLY, PFE, GME, CLF, and FCEL.
Jun 09, 2021 07:00 am ET
Cleveland-Cliffs Holds Ribbon Cutting Ceremony at Direct Reduction Plant in Toledo
Cleveland-Cliffs Inc. (NYSE: CLF) is celebrating today the initial six months of continued operation and production of hot-briquetted iron (HBI) at the Company’s state-of-the art Direct Reduction plant in Toledo, Ohio. Cliffs’ Chairman, President and Chief Executive Officer Lourenco Goncalves will host Ohio Governor Mike DeWine for a ribbon cutting ceremony on site. The plant employs nearly 160 employees.
May 27, 2021 07:00 am ET
Cleveland-Cliffs to Fully Redeem 5.75% Senior Notes due 2025
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to redeem the entirety of its $396 million aggregate principal amount of outstanding 5.75% Senior Unsecured Guaranteed Notes due March 2025. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects the total payment to holders of the Notes including the redemption premium to be approximately $407 million, plus accrued and unpaid interest to the redemption date, which is expected to be on or before June 30, 2021. The Notes will be redeemed with available liquidity.
Apr 28, 2021 11:45 am ET
Cleveland-Cliffs Issues Its Sustainability Report 2020 Executive Summary
Cleveland-Cliffs Inc. (NYSE: CLF) today published its Sustainability Report 2020 Executive Summary highlighting the progress toward the achievement of its sustainability goals and reaffirming the company’s agenda to build a more sustainable steel company. Later in the second quarter, the Company will publish its full Sustainability Report 2020 consistent with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) guidance.
Apr 22, 2021 07:00 am ET
Cleveland-Cliffs Reports First-Quarter 2021 Results and Increases Guidance for Full-Year 2021 Adjusted EBITDA to $4 Billion
Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2021.
Apr 12, 2021 07:00 am ET
Cleveland-Cliffs and the United Steelworkers Reach Tentative Agreement on New Labor Contract for Mansfield Works
Cleveland-Cliffs Inc. (NYSE: CLF) announced today a tentative agreement with the United Steelworkers (USW) for a new 53-month labor contract that is effective as of April 1, 2021. The new contract will cover approximately 300 USW-represented workers.
Mar 30, 2021 04:15 pm ET
Cleveland-Cliffs Announces First-Quarter 2021 Results Date and Provides Updated Financial Guidance
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2021 earnings results before the U.S. market open on Thursday, April 22, 2021.
Feb 25, 2021 07:00 am ET
Cleveland-Cliffs Reports Fourth-Quarter and Full-Year 2020 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended December 31, 2020.
Feb 23, 2021 06:36 pm ET
Cleveland-Cliffs Set to Join S&P MidCap 400; WSFS Financial to Join S&P SmallCap 600
NEW YORK, Feb. 23, 2021 /PRNewswire/ -- S&P SmallCap 600 constituent Cleveland-Cliffs Inc. (NYSE: CLF) will replace Eaton Vance Corp. (NYSE: EV) in the S&P MidCap 400, and WSFS Financial Corp. (NASD: WSFS) will replace Cleveland-Cliffs in the S&P SmallCap 600 effective prior to the opening of trading on Monday, March 1. S&P 500/100 constituent Morgan Stanley (NYSE: MS) is acquiring Eaton Vance in a deal expected to be completed on or about that date pending final conditions.
Feb 09, 2021 02:38 pm ET
Cleveland-Cliffs Announces Pricing of Senior Unsecured Guaranteed Notes Issued at Par, $500 million of 4.625% Notes due 2029 and $500 million of 4.875% Notes due 2031
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has priced $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2029 (the “2029 Notes”) and $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The 2029 Notes will bear interest at an annual rate of 4.625 percent and will be issued at a price of 100 percent of face value. The 2031 Notes
Feb 09, 2021 06:52 am ET
Cleveland-Cliffs Announces Proposed Offering of $1,000,000,000 Senior Unsecured Guaranteed Notes
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, senior unsecured guaranteed notes to be issued by the Company in separate series of notes due 2029 and 2031 (together, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries.
Feb 08, 2021 10:00 pm ET
Cleveland-Cliffs Prices Public Offering of Common Shares, including 40,000,000 Common Shares by ArcelorMittal
Cleveland-Cliffs Inc. (NYSE: CLF) today announced the pricing of its underwritten public offering (the “Offering”) of 60,000,000 common shares, par value $0.125 per share (the “Common Shares”), which consists of 40,000,000 currently outstanding Common Shares offered by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal S.A. (the “Selling Shareholder”) and 20,000,000 Common Shares offered by the Company. The Company has also granted the underwriter a 30-day option to purchase an additional 9,000,000 Common Shares.
Feb 08, 2021 04:40 pm ET
Cleveland-Cliffs Announces Proposed Offering of Common Shares, including 40,000,000 Common Shares by ArcelorMittal
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has commenced an underwritten public offering (the “Offering”) of 60,000,000 common shares, par value $0.125 per share (the “Common Shares”), which consists of 40,000,000 currently outstanding Common Shares offered by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal S.A. (the “Selling Shareholder”) and 20,000,000 Common Shares offered by the Company. The Company also intends to grant the underwriters a 30-day option to purchase an additional 9,000,000 Common Shares.
Jan 28, 2021 06:00 am ET
Cleveland-Cliffs Announces Commitment to Reduce Greenhouse Gas Emissions by 25 Percent by 2030
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has set a target to reduce its greenhouse gas emissions by 25 percent by 2030. This goal represents combined Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emission reductions on a mass basis (metric tons per year) compared with 2017 baseline levels. The Company has published a detailed plan outlining its strategic priorities on its corporate website at
Jan 25, 2021 06:00 am ET
Cleveland-Cliffs Provides Preliminary Fourth-Quarter 2020 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today announced its preliminary fourth-quarter financial results for the period ended December 31, 2020. The Company completed its acquisition of ArcelorMittal USA on December 9, 2020. Due to the extensive accounting integration associated with the transaction, only selected preliminary financial information is available at this time. The Company will announce its full fourth-quarter 2020 earnings results before the U.S. market open on Thursday, February 25, 2021.
Jan 19, 2021 07:00 am ET
Cleveland-Cliffs Donates $1 Million to Address Food Insecurity in Over 35 Communities Across North America
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its philanthropic organization, The Cleveland-Cliffs Foundation, has made several commitments totaling more than $1 million in cash contributions to several food distribution organizations in the local communities where the Company operates throughout the United States and Canada. The Foundation plans to distribute the majority of its funding immediately.
Dec 09, 2020 08:11 am ET
Cleveland-Cliffs Inc. Completes Acquisition of ArcelorMittal USA
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”), forming the largest flat-rolled steel producer in North America. On a full-year 2019 basis, the combined Company generated pro-forma revenues of approximately $17 billion and combined adjusted EBITDA of approximately $1.7 billion, including previously disclosed expected synergies.
Nov 25, 2020 01:18 pm ET
Cleveland-Cliffs Receives Antitrust Clearance from US Department of Justice for the Acquisition of ArcelorMittal USA
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has received from the Bureau of Competition of the Federal Trade Commission notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”). This clearance represents the most significant milestone toward the completion of this transaction, and re-affirms the anticipated closing of the deal in December 2020.
Nov 02, 2020 04:50 pm ET
Cleveland-Cliffs Applauds President Trump’s Actions to Address Imports of Laminations and Cores from Electrical Steel
Cleveland-Cliffs Inc. (NYSE: CLF) today praised President Trump and his Administration for taking action to save 1,400 jobs at AK Steel’s Butler, Pennsylvania and Zanesville, Ohio operations. President Trump’s Administration will be moving forward with a Section 232 action implementing a remedy covering imported laminations and cores of Grain Oriented Electrical Steel (GOES). GOES is used in the production of electric transformers that support the power grid and equipment required by the U.S. military. In addition, the Administration will take action to address recently-granted Section
Oct 23, 2020 07:00 am ET
Cleveland-Cliffs Inc. Reports Third-Quarter 2020 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2020.
Oct 06, 2020 04:15 pm ET
Cleveland-Cliffs Inc. to Announce Third-Quarter 2020 Results on October 23
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it will be reporting third-quarter 2020 financial results before the U.S.-market open on Friday, October 23, 2020.
Sep 28, 2020 01:40 am ET
Cleveland-Cliffs Inc. to Acquire ArcelorMittal USA
Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”) for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron ore pellet producer in North America, with 28 million long to
Jul 30, 2020 07:00 am ET
Cleveland-Cliffs Inc. Reports Second-Quarter 2020 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2020.
Jul 21, 2020 02:31 pm ET
Cleveland-Cliffs Inc. Announces Price Increase for Carbon Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America.
Jul 08, 2020 07:00 am ET
Cleveland-Cliffs Inc. to Announce Second-Quarter 2020 Results on July 30
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it will be reporting second-quarter 2020 financial results before the U.S.-market open on Thursday, July 30, 2020.
Jun 24, 2020 11:27 am ET
Cleveland-Cliffs’ Subsidiary AK Steel Recognized by General Motors as a 2019 Supplier of the Year Winner
AK Steel, a wholly-owned subsidiary of Cleveland-Cliffs (NYSE: CLF), was named GM Supplier of the Year by General Motors for Raw Materials during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. GM’s Supplier of the Year award is reserved for suppliers who distinguish themselves by meeting performance metrics for quality, execution, innovation, and total enterprise cost. AK Steel produces a unique product mix of carbon, stainless and electrical steel products for automotive solutions and this is the third co
Jun 16, 2020 01:57 pm ET
Cleveland-Cliffs Inc. Announces Pricing of an Additional $120,000,000 Senior Secured Notes due 2026
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has priced an additional $120 million aggregate principal amount of Senior Secured Notes due 2026 (the “Additional Notes”) in an offering (the “Additional Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Additional Notes will bear interest at an annual rate of 6.75% and will be issued at a price of 99.250% of their principal amount.
Jun 16, 2020 09:15 am ET
Cleveland-Cliffs Inc. Announces Proposed Offering of an Additional $120,000,000 Senior Secured Notes due 2026
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it intends to offer to sell, subject to market and other conditions, an additional $120 million aggregate principal amount of Senior Secured Notes due 2026 (the “Additional Notes”) in an offering (the “Additional Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Additional Notes will be an issuance of Cliffs’ existing 6.75% Senior Secured Notes due 2026 and will be issued as additional notes under the indenture dated as of March 13, 2020 (as supplemented,
Jun 09, 2020 07:00 am ET
Cleveland-Cliffs Inc. Announces Earlier Than Planned Restart of HBI Construction and Tilden Mining Operations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it will be resuming construction of its Hot-Briquetted Iron (HBI) plant in Toledo, Ohio, and accelerating the restart of its Tilden mining operations in Michigan.
May 21, 2020 02:30 pm ET
Cleveland-Cliffs Inc. Announces Price Increase for Carbon Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel products by a minimum of $40 per ton, effective immediately with new orders in North America.
May 11, 2020 08:00 am ET
Cleveland-Cliffs Inc. Reports First-Quarter 2020 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2020.
May 04, 2020 04:32 pm ET
Cleveland-Cliffs Applauds U.S. Department of Commerce’s Self-Initiation of a Section 232 Investigation on Transformer Laminations and Cores, Electrical Transformers and Transformer Regulators
Cleveland-Cliffs Inc. (NYSE: CLF) today praised the U.S. Department of Commerce’s self-initiation of an urgent Section 232 investigation covering laminations for stacked transformer cores, stacked and wound transformer cores, electrical transformers, and transformer regulators. The outcome of this investigation will be critical to addressing circumvention of existing national security tariffs covering Grain Oriented Electrical Steel (GOES) using laminations and cores cut in Mexico and in Canada as means for tariff evasion. Cleveland-Cliffs’ wholly-owned subsidiary AK Steel is the last r
Apr 23, 2020 04:15 pm ET
Cleveland-Cliffs Inc. to Announce First-Quarter 2020 Results on May 11
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it will be reporting first-quarter 2020 financial results before the U.S.-market open on Monday, May 11, 2020.
Apr 21, 2020 06:00 am ET
Cleveland-Cliffs Inc. Announces Offering and Pricing of Additional Senior Secured Notes due 2025 to Repurchase Notes Trading at Discounts
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has offered and priced an additional $555.2 million aggregate principal amount of Senior Secured Notes due 2025 (the “Additional Notes”) at a price of 99% of their principal amount in an offering (the “Additional Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Additional Notes will be an issuance of Cliffs’ existing 9.875% Senior Secured Notes due 2025 and will be issued as additional notes under the indenture dated as of April 17, 2020 (as supplemen
Apr 15, 2020 05:27 pm ET
Cleveland-Cliffs Inc. Announces Pricing of $400 Million Senior Secured Notes due 2025
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has priced $400 million aggregate principal amount of Senior Secured Notes due 2025 (the “Notes”) in an offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 9.875% and will be issued at a price of 94.500% of their principal amount.
Apr 15, 2020 08:51 am ET
Cleveland-Cliffs Inc. Announces Proposed Offering of $400,000,000 Senior Secured Notes due 2025
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it intends to offer to sell, subject to market and other conditions, $400 million aggregate principal amount of Senior Secured Notes due 2025 (the “Notes”) in an offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
Apr 15, 2020 08:49 am ET
Cleveland-Cliffs Inc. Provides Company Update
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today provided the following company update.
Apr 13, 2020 04:30 pm ET
Cleveland-Cliffs Announces Iron Ore Mining and Pelletizing Production Adjustments
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that based on current market conditions, the Company will be temporarily idling production at two of its iron ore mining operations, Northshore Mining in Minnesota and Tilden Mine in Michigan. Cleveland-Cliffs stated that it will work down current inventory levels from these two operations and will continue to ship iron ore to fulfill its commercial agreements with steel customers.
Mar 31, 2020 07:40 am ET
Cleveland-Cliffs Inc. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today announced a change in the format of its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) from in-person to virtual-only. Due to the emerging public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of the Company’s shareholders, employees and their families, the Company will hold the Annual Meeting in a virtual meeting format only, via live audio webcast. As previously announced, the Annual Meeting will be held on Wednesday, April 22, 2020 at 11:30 a.m. EDT.
Mar 22, 2020 03:08 pm ET
Cleveland-Cliffs Commends the State of Ohio for Recognizing Essential Businesses and Operations Under its Stay at Home Order
Cleveland-Cliffs Inc. (NYSE: CLF) stated today that it commends Governor Dewine and his administration for their strong leadership and decisive action to implement the ‘stay at home or place of residence’ order for the preservation of public health across the State of Ohio in response to COVID-19.
Mar 19, 2020 08:46 pm ET
Cleveland-Cliffs Temporarily Shuts Down Construction of its HBI Project
Cleveland-Cliffs Inc. (NYSE: CLF) announced today, following guidelines from the office of the Governor of Ohio regarding COVID-19 virus concerns, the Company is temporarily shutting down construction activities at its hot-briquetted iron (HBI) project site in Toledo, Ohio. Effective March 20th, all construction activity at the site will cease by the end of the business day. Cleveland-Cliffs will continue to monitor the COVID-19 situation and will re-start construction of the HBI plant as soon as feasible. All other Cleveland-Cliffs iron ore mining and steelmaking facilities will remain
Mar 19, 2020 07:00 am ET
Cleveland-Cliffs New Labor Agreement with IAM Members Ratified for its Middletown Works
Cleveland-Cliffs Inc. (NYSE: CLF) reported today that its employees represented by the International Association of Machinists and Aerospace Workers (IAM) Local 1943 have ratified a three-year labor agreement at the Company’s AK Steel facility in Middletown, Ohio. The contract was ratified in voting held on March 18, 2020. The new agreement covers approximately 1,825 hourly employees and will be effective until May 15, 2023.
Mar 13, 2020 04:15 pm ET
Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Final Results of Exchange Offers and Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (“AK Holding”) today announced the final results of the previously announced (i) offers to exchange (the “Exchange Offers”) by Cliffs any and all outstanding 6.375% Senior Notes due 2025 and 7.00% Senior Notes due 2027 issued by AK Steel Corporation (“AK Steel”), a wholly owned subsidiary of AK Holding, as set forth in the table below (collectively, the “AK Steel Notes”) for the same aggregate principal amount of new notes issued by Cliffs (the “New Cliffs Notes”) and (ii) related consent solicitations (the “Consent
Mar 13, 2020 08:35 am ET
Cleveland-Cliffs Completes Acquisition of AK Steel
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed the acquisition of AK Steel Holding Corporation, integrating North America’s largest producer of iron ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry. The combined company will be led by Chairman, President and Chief Executive Officer Lourenco Goncalves.
Mar 10, 2020 06:59 pm ET
Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Successful Results of Early Participation in Tender Offers and Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that, in connection with the previously announced tender offers (each, a “Tender Offer” and, collectively, the “Tender Offers”) by Cliffs and consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) by AK Steel Corporation, a wholly owned subsidiary of AK Steel, the requisite consents have been received to adopt the proposed amendments (the “Amendments”) to the indentures (collectively, the "AK Steel Indentures") governing the 7.625
Mar 10, 2020 11:56 am ET
Cleveland-Cliffs and AK Steel Announce Shareholder Approvals of Merger Agreement
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) jointly announced that, at their respective special shareholder/stockholder meetings held earlier today, the shareholders of Cliffs and the stockholders of AK Steel voted to approve all of the proposals necessary to complete the previously announced acquisition of AK Steel by Cliffs. Under the pending transaction, Cliffs would acquire AK Steel pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) entered into by Cliffs and AK Steel providing for the merger of a wholly-owned su
Mar 02, 2020 03:39 pm ET
Cleveland-Cliffs Inc. Announces Pricing of $725,000,000 Senior Secured Notes due 2026
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has priced $725 million aggregate principal amount of Senior Secured Notes due 2026 (the “Notes”) in an offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 6.75 percent and will be issued at a price of 98.783 percent of their principal amount.
Feb 26, 2020 02:35 pm ET
Cleveland-Cliffs Inc. Announces Proposed Offerings of $550,000,000 Senior Secured Guaranteed Notes due 2028 and $400,000,000 Senior Unsecured Guaranteed Notes due 2028
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it intends to offer to sell, subject to market and other conditions, $550 million aggregate principal amount of Senior Secured Notes due 2028 (the “Secured Notes”) and $400 million aggregate principal amount of Senior Notes due 2028 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”) in separate offerings (the “Notes Offerings”) that are exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
Feb 26, 2020 02:33 pm ET
Cleveland-Cliffs Inc. Commences Tender Offers and AK Steel Corporation Commences Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that, in connection with the anticipated acquisition of AK Steel by Cliffs, Cliffs has commenced offers to purchase for cash (each a “Tender Offer” and, collectively, the “Tender Offers”) any and all outstanding 7.625% Senior Notes due 2021 and 7.50% Senior Secured Notes due 2023 issued by AK Steel Corporation, a wholly owned subsidiary of AK Steel (collectively, the “AK Steel Notes”). In conjunction with the Tender Offers, AK Steel Corporation is soliciting consents (each, a
Feb 25, 2020 03:34 pm ET
Cleveland-Cliffs and AK Steel Receive Favorable Recommendations from ISS and Glass Lewis for Votes to Complete Merger
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs” or “Cleveland-Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that they have received recommendations from both Glass, Lewis & Co., LLC (“Glass Lewis”) and Institutional Shareholder Services, Inc. (“ISS”) to vote in favor of their proposed merger transaction. Under the pending transaction, Cliffs would acquire all of AK Steel’s outstanding shares pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) entered into by Cliffs and AK Steel providing for the merger of a subsidiary of Cliffs with and into A
Feb 21, 2020 01:17 pm ET
Cleveland-Cliffs and AK Steel Receive Final Required Regulatory Approvals to Complete Acquisition
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that they have now received all of the necessary regulatory approvals in connection with their proposed merger transaction. Under the pending transaction, Cliffs would acquire all of AK Steel’s outstanding shares pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) entered into by Cliffs and AK Steel providing for the merger of a subsidiary of Cliffs with and into AK Steel, with AK Steel surviving as a wholly owned subsidiary of Cliffs (the “Merger”).
Feb 20, 2020 07:00 am ET
Cleveland-Cliffs Inc. Reports Fourth-Quarter and Full-Year 2019 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended December 31, 2019.
Feb 18, 2020 05:27 pm ET
Cleveland-Cliffs Declares Quarterly Cash Dividend on Common Shares
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.06 per share. The cash dividend will be payable on April 15, 2020, to shareholders of record as of the close of business on April 3, 2020.
Feb 11, 2020 05:42 pm ET
Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce the Extension of the Expiration Date for Exchange Offers and Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that they have extended the expiration date in connection with the previously announced exchange offers (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) by Cliffs and consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) by AK Steel Corporation, a wholly owned subsidiary of AK Steel, to 6:00 a.m., New York City time, on March 13, 2020 (as the same may be further extended, the “Expiration Date”). All other term
Feb 05, 2020 07:00 am ET
Cleveland-Cliffs Inc. Announces Earlier Date for Fourth-Quarter and Full-Year 2019 Earnings Results
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has updated the date of its upcoming earnings release and call to accommodate a sooner-than-expected Shareholder Meeting date to approve the acquisition of AK Steel. The Company will now report its results before the U.S.-market open on Thursday, February 20, 2020.
Jan 29, 2020 07:00 am ET
Cleveland-Cliffs Inc. and AK Steel Holding Corporation Announce Successful Results of Early Participation in Exchange Offers and Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that, in connection with the previously announced exchange offers (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) by Cliffs and consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) by AK Steel Corporation, a wholly owned subsidiary of AK Steel, the requisite consents have been received to adopt the proposed amendments (the “Amendments”) to the indentures (the "AK Steel Indentures") governing the 6.375% Senio
Jan 15, 2020 07:00 am ET
Cleveland-Cliffs Inc. to Announce Fourth-Quarter and Full-Year 2019 Results on February 27
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be reporting fourth-quarter and full-year 2019 financial results before the U.S.-market open on Thursday, February 27, 2020.
Jan 14, 2020 08:42 pm ET
Cleveland-Cliffs Inc. Commences Exchange Offers and AK Steel Corporation Commences Consent Solicitations
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that, in connection with the anticipated acquisition of AK Steel by Cliffs, Cliffs has commenced offers to exchange (each an “Exchange Offer” and, collectively, the “Exchange Offers”) any and all outstanding 6.375% Senior Notes due 2025 and 7.00% Senior Notes due 2027 issued by AK Steel Corporation, a wholly owned subsidiary of AK Steel, as set forth in the table below (collectively, the “Existing AK Steel Notes”) for the same aggregate principal amount of new notes to be issu
Dec 03, 2019 06:00 am ET
Cleveland-Cliffs to Acquire AK Steel
Cleveland-Cliffs Inc. (NYSE: CLF) and AK Steel Holding Corporation (NYSE: AKS) are pleased to announce that they have entered into a definitive merger agreement pursuant to which Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock. Lourenco Goncalves, Chairman of the Board, President and CEO of Cliffs, will lead the expanded organization.
Dec 02, 2019 07:00 am ET
Cleveland-Cliffs Declares Regular Quarterly Dividend on Common Shares
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. The regular cash dividend will be payable on January 15, 2020, to shareholders of record as of the close of business on January 3, 2020.
Nov 15, 2019 07:00 am ET
Cleveland-Cliffs to Webcast Presentation by Lourenco Goncalves at Upcoming Goldman Sachs Conference
Cleveland-Cliffs Inc. (NYSE: CLF) today said it will be webcasting the fireside chat with Lourenco Goncalves at the Goldman Sachs Global Metals & Mining Conference in New York.
Oct 23, 2019 07:00 am ET
Cleveland-Cliffs Inc. Reports Third-Quarter 2019 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2019.
Oct 02, 2019 06:15 pm ET
Mercury Systems Set to Join S&P MidCap 400; Cleveland-Cliffs and Essential Properties Realty Trust to Join S&P SmallCap 600
NEW YORK, Oct. 2, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
Sep 30, 2019 04:59 pm ET
Cleveland-Cliffs Inc. Tops Out Furnace Tower at Toledo HBI Facility
Cleveland-Cliffs Inc. (NYSE: CLF) announced that as of today, it has completed the erection of the 457-foot furnace reactor tower for its hot briquetted iron (HBI) project in Toledo, OH. This represents a significant milestone in the construction process as the furnace tower was the key critical path item in facilitating the advanced start-up date for the commercial production of HBI. A photograph of the tower is included with this release as well as on the Company website at clevelandcliffs.com.
Sep 27, 2019 07:00 am ET
Cleveland-Cliffs Inc. to Announce Third-Quarter 2019 Results on October 23
Cleveland-Cliffs Inc. (NYSE: CLF) today said it will be announcing third-quarter 2019 financial results before the U.S.-market open on Wednesday, October 23, 2019.
Sep 05, 2019 07:00 am ET
Cleveland-Cliffs to Webcast Presentation by Lourenco Goncalves at Upcoming Credit Suisse Conference
Cleveland-Cliffs Inc. (NYSE: CLF) today said it will be webcasting its company update presentation by Lourenco Goncalves at the 32nd Annual Credit Suisse Basic Materials Conference next week.
Sep 03, 2019 08:00 am ET
Cleveland-Cliffs Declares Regular Quarterly and Special Cash Dividend on Common Shares
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. In addition to the regular dividend, the Board of Directors also declared a special cash dividend of $0.04 per share, for a total dividend distribution of $0.10 per share.
Aug 14, 2019 07:00 am ET
Cleveland-Cliffs Highlights Its Contribution to Clean Steelmaking Through Its New Environmental Website
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has launched a new environmental section on its corporate website. The environmental section provides a comprehensive look at Cliffs’ progress and outcomes in key areas of its environmental performance and its contribution to clean steelmaking.
Jul 19, 2019 09:31 am ET
Thinking about buying stock in Aurora Cannabis, Cleveland-Cliffs, Crowdstrike, General Electric, or Midatech Pharma?
NEW YORK, July 19, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, CLF, CRWD, GE, and MTP.
Jul 19, 2019 07:00 am ET
Cleveland-Cliffs Inc. Reports Second-Quarter 2019 Results
Cleveland-Cliffs Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2019.
Jun 25, 2019 07:00 am ET
Cleveland-Cliffs Inc. to Announce Second-Quarter 2019 Results on July 19
Cleveland-Cliffs Inc. (NYSE: CLF) today said it will be announcing second-quarter 2019 financial results before the U.S.-market open on Friday, July 19, 2019.
Jun 06, 2019 12:41 pm ET
Cleveland-Cliffs Announces Ribbon Cutting Ceremony at its Northshore Mining in Minnesota
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will host a
ribbon cutting ceremony for its expansion at Northshore Mining in Silver
Bay, Minnesota on August 7. The Company will be celebrating the startup
of the new production equipment, including supporting infrastructure,
which will be completed on schedule and within a total investment budget
of $100 million. Cleveland-Cliffs invested in upgrading the concentrator
building, a new scavenger building, new conveyor systems, a limestone
tank and a steam generating plant to support large
May 31, 2019 07:00 am ET
Cleveland-Cliffs Declares Quarterly Cash Dividend on Common Shares
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that its Board
of Directors declared a quarterly cash dividend on the Company's common
shares of $0.06 per share. This dividend represents a 20% increase on
the dividends previously paid in 2019. The cash dividend will be payable
on July 15, 2019, to shareholders of record as of the close of business
on July 5, 2019.
May 30, 2019 07:00 am ET
Cleveland-Cliffs Completes Full Redemption of Senior Notes due 2021
Cleveland-Cliffs (NYSE: CLF) announced today that it is redeeming
in full, as set forth in the notice of redemption issued on April 30,
2019, all of its outstanding 4.875% Senior Notes due April 2021. Cliffs’
nearest debt maturity date is now in 2024.
May 13, 2019 07:00 am ET
Cleveland-Cliffs Inc. Announces Early Tender Results and Early Settlement with Respect to Tender Offer for Senior Notes
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) announced today
the early results of its previously announced offer to purchase for cash
(the “Tender Offer”) up to $600 million aggregate principal amount (the
“Maximum Amount”) of its outstanding 5.75% Senior Guaranteed Notes due
2025 (the “Notes”), subject to the terms and conditions set forth in the
Company’s Offer to Purchase dated April 29, 2019 (the “Offer to
Purchase”), including the Financing Condition, as defined therein. The
Company expects the Financing Condition to be satisfie
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