Welcome to our dedicated page for Cleveland-Cliffs news (Ticker: $CLF), a resource for investors and traders seeking the latest updates and insights on Cleveland-Cliffs stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cleveland-Cliffs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) will publish a monthly 'Cliffs Hot Rolled Market Price' to provide timely and reliable pricing information to customers. The price will be available via letter and on their website, with updates as needed. The initiative aims to promote market transparency in response to industry trends.
Rhea-AI Impact
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End-of-Day
-1.92%
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Rhea-AI Summary
Cleveland-Cliffs Inc. reported first-quarter 2024 results with revenues of $5.2 billion, a net loss of $53 million, adjusted net income of $87 million, and adjusted EBITDA of $414 million. The company repurchased 30.4 million shares and announced a new $1.5 billion share repurchase program. The steelmaking segment showed positive results with steel product sales volumes of 3.9 million net tons and revenues of $5.0 billion. The company maintained its full-year 2024 guidance with steel shipment volumes of 16.5 million net tons, cost reductions, and capital expenditures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.03%
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Cleveland-Cliffs Inc. (NYSE: CLF) is hosting Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania following the DOE's transformer efficiency standard rule. Cleveland-Cliffs, the sole producer of GOES in the U.S., is in negotiations for up to $75 million in funding for a decarbonization investment. The visit includes a plant tour, meetings with company officials, employees, and union leaders, and a live streamed speaking program with Secretary Granholm discussing potential investments and job protection.
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Rhea-AI Sentiment
End-of-Day
0.19%
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Cleveland-Cliffs Inc. (CLF) praises the Department of Energy's final transformer efficiency standard rule, ensuring the use of Grain-Oriented Electrical Steel in their markets. The revised rule recognizes the significance of GOES and Cleveland-Cliffs' steel plants in supporting the U.S. electric grid. Collaboration with the UAW led to changes in the rule, securing Cliffs' ability to produce efficient GOES in the U.S. This development is expected to boost demand for GOES, potentially leading to plant expansions and job opportunities.
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Rhea-AI Sentiment
End-of-Day
-1.8%
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Cleveland-Cliffs Inc. (NYSE: CLF) unveils its Sustainability Report 2023, highlighting its commitment to environmental and social responsibility.
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Rhea-AI Sentiment
End-of-Day
-1.8%
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Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) will release its Q1 2024 earnings on April 22, 2024, followed by a conference call on April 23, 2024, at 8:30 am ET. Interested parties can access the call on www.clevelandcliffs.com.
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Rhea-AI Sentiment
End-of-Day
2.01%
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Cleveland-Cliffs Inc. (NYSE: CLF) raises spot market base prices by $60 per net ton for carbon steel products, setting minimum base price at $900 per net ton.
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Rhea-AI Sentiment
End-of-Day
2.6%
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Cleveland-Cliffs Inc. (CLF) secures up to $575 million in federal funding from the Department of Energy for decarbonization projects at Middletown Works and Butler Works. The investments aim to reduce greenhouse gas emissions, drive down operating costs, and create new jobs. The Middletown project involves a Hydrogen-Ready DRI Plant and Electric Melting Furnaces, while the Butler Works project focuses on Electrified Induction Slab Reheat Furnaces. These initiatives are expected to enhance efficiency, lower carbon emissions, and improve production quality, positioning Cliffs as a leader in steel decarbonization.
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Rhea-AI Sentiment
End-of-Day
0.85%
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Cleveland-Cliffs Inc. (CLF) successfully completed a Tender Offer for its 6.750% Senior Secured Notes due 2026, purchasing $639,737,000 in principal amount of the Notes. The company issued a notice of redemption for the remaining Notes at a price of 101.688% of the principal amount. Wells Fargo Securities, and Global Bondholder Services facilitated the Tender Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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Rhea-AI Summary
Cleveland-Cliffs Inc. (CLF) raises spot market base prices for carbon steel products, setting minimum price at $840 per net ton.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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Cleveland-Cliffs Inc.
NYSE:CLF
CLF Rankings
CLF Stock Data
8.23B
488.42M
1.63%
72.45%
6.56%
Iron Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
CLEVELAND
About CLF
arcelormittal usa is part of arcelormittal, the world’s leading steel and mining company. guided by a philosophy to produce safe, sustainable steel, we are a leading supplier of quality steel products in major north american markets including automotive, construction, pipe and tube, appliance, container and machinery. arcelormittal usa employs more than 20,000 people at 27 operations across 13 of the united states. we aim to give our employees every chance to flourish in their careers and grow as part of a global company. we offer a wealth of diverse opportunities. whether you work in production in pennsylvania or as a purchaser in indiana, joining arcelormittal is the start of a journey that, we hope, will lead to a rewarding career. we are always looking for the best and brightest minds to help us transform the future of steel.