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.
Cleveland-Cliffs Inc. (NYSE: CLF) is a North America-based steel producer with a focus on value-added sheet products for the automotive industry and a vertically integrated model that spans iron ore mining, pellet and direct reduced iron production, ferrous scrap processing, primary steelmaking, and downstream finishing, stamping, tooling, and tubing. The CLF news feed on Stock Titan aggregates the company’s latest announcements, earnings releases, financing transactions, and strategic updates.
Investors following CLF news can track quarterly and full-year earnings results, including steel shipment volumes, revenue trends, and segment performance as reported in the company’s public releases and Form 8-K filings. Cleveland-Cliffs regularly announces the timing of its earnings calls with securities analysts and institutional investors, and provides access to live webcasts and archived replays, which are highlighted in its news flow.
News for Cleveland-Cliffs also covers capital markets activity such as offerings of senior guaranteed notes due 2034 and underwritten public offerings of common shares, along with stated uses of proceeds like repayment of borrowings under its asset-based credit facility. Corporate governance developments, including board appointments and committee assignments, appear in both press releases and related 8-K filings.
Sector-specific updates include information on automotive-grade steel supply, production trials with automotive OEMs, and strategic partnerships such as the Memorandum of Understanding with POSCO, which is described as a transformative agreement aligned with U.S.–Korea trade policy. By monitoring this CLF news page, users can review a consolidated stream of company communications that reflect Cleveland-Cliffs’ operating performance, financing decisions, and strategic initiatives in the steel and mining value chain.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an increase in spot market base prices for carbon hot rolled, cold rolled, and coated steel products by a minimum of $100 per net ton, effective immediately for all new orders. The new minimum base price for hot rolled steel is now set at $1,200 per net ton. As the largest flat-rolled steel producer in North America, Cleveland-Cliffs integrates operations from raw materials to finished steel products, catering primarily to the automotive industry and other diverse markets.
Cleveland-Cliffs Inc. (NYSE: CLF) announced positive progress following the U.S. International Trade Commission’s unanimous ruling on antidumping and countervailing duty petitions related to tin mill products. The preliminary determination supports Cleveland-Cliffs’ efforts against import surges from countries including Canada, China, and others. Notably, dumping margins are reported at 79.59% for Canada and up to 122.52% for China. The U.S. imported over 1.42 million short tons of these products in 2022, marking a 37.7% increase since 2019. Cleveland-Cliffs, a major steel producer, is optimistic about the impact of this ruling on the market.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced a price increase of at least $60 per net ton for its steel plate products, effective immediately for all new, non-contract orders. This includes as-rolled, normalized, and quench and tempered steel plates. The company also reserves the right to re-quote any open offers not confirmed by an order acknowledgment. Cleveland-Cliffs is a leading flat-rolled steel producer and iron ore pellet manufacturer in North America, known for supplying the automotive industry and other diverse markets.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced a significant increase in spot market base prices for carbon hot rolled, cold rolled, and coated steel products by at least $100 per net ton. This price adjustment is effective immediately for all new orders, setting the minimum base price for hot rolled steel at $1,100 per net ton. As North America's largest flat-rolled steel producer and iron ore pellet manufacturer, Cleveland-Cliffs serves diverse markets, including a dominant position in the automotive industry.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an increase in spot market base prices for carbon hot rolled, cold rolled, and coated steel products by a minimum of $100 per net ton. This price hike is effective immediately for all new orders, raising the minimum base price for hot rolled steel to $1,000 per net ton. As the largest flat-rolled steel producer in North America, Cleveland-Cliffs serves a diverse range of markets, including the automotive industry. The company is vertically integrated and employs approximately 27,000 people across operations in the U.S. and Canada.
Cleveland-Cliffs Inc. (NYSE: CLF) reported record full-year revenues of $23.0 billion for 2022, up from $20.4 billion in 2021. However, net income fell to $1.4 billion ($2.55 per diluted share) from $3.0 billion ($5.36 per diluted share) in the previous year. Adjusted EBITDA dropped to $3.2 billion compared to $5.3 billion. The fourth quarter saw a revenue decline to $5.0 billion, resulting in a net loss of $204 million ($0.41 per diluted share). Significant operational changes led to debt reductions exceeding $3 billion and improved automotive contracts. For 2023, the company anticipates a $115 per-ton increase in automotive prices and reduced steelmaking costs.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an increase in spot market base prices for carbon hot rolled, cold rolled, and coated steel products by a minimum of $50 per net ton, effective immediately for all new orders. The new minimum base price for hot rolled steel is set at $900 per net ton. Cleveland-Cliffs is North America's largest flat-rolled steel producer and has a significant presence in the iron ore pellet manufacturing sector. The company also serves the automotive industry and operates multiple facilities across the U.S. and Canada.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an immediate increase in its spot market base prices for all carbon hot rolled, cold rolled, and coated steel products by at least $50 per net ton. The new minimum base price for hot rolled steel is now $850 per net ton. This adjustment reflects the company's position as the largest flat-rolled steel producer in North America and highlights its comprehensive offerings across various markets, including significant supply to the automotive industry. The price increase comes at a time when market dynamics are shifting, influencing production and pricing strategies.
Cleveland-Cliffs Inc. (NYSE: CLF) is scheduled to announce its fourth-quarter and full-year 2022 earnings on February 14, 2023, before market opening. The company will host a live conference call at 10:00 am ET on the same day for discussion with analysts and investors, accessible through their website. Cleveland-Cliffs, the largest flat-rolled steel producer and iron ore pellet manufacturer in North America, is vertically integrated and serves various markets, including the automotive industry, employing around 27,000 people across the U.S. and Canada.
Cleveland-Cliffs Inc. (NYSE: CLF) has filed antidumping and countervailing duty petitions with the United Steelworkers against imports of unfairly traded tin mill products from eight countries, including China and Germany. The petitions cite a significant surge in imports that threaten domestic sales and profit margins. Notably, dumping margins identified include 130.88% for China and 78.29% for Canada. Cleveland-Cliffs produces about 300,000 net tons of tin mill products annually and emphasizes the need for fair trade practices to protect American jobs and industry viability.