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. reports developments in its North American flat-rolled steel and iron ore pellet business, including earnings releases, steel shipment trends and product mix across hot-rolled, coated, cold-rolled, plate, stainless and electrical steel. Company updates also address automotive customer demand, trade-enforcement conditions, cost controls, debt maturity actions and capital spending within its vertically integrated steelmaking footprint.
Recurring news also covers technology and governance developments, including enterprise AI deployment for production planning, order entry and operational workflows, board appointments and committee leadership changes. Strategic and commercial updates are framed around Cliffs’ role as a steel supplier to the North American automotive industry and its integrated chain from mined raw materials, direct reduced iron and scrap through finishing, stamping, tooling and tubing.
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.
Cleveland-Cliffs Inc. (NYSE: CLF) 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. This adjustment follows a noticeable rise in both pricing and volume for its automotive steel business, resulting in reduced availability of material for spot sales. The new minimum base price for hot rolled steel has been set at $800 per net ton. Cleveland-Cliffs is the largest flat-rolled steel producer and the largest supplier of steel to the automotive industry in North America, employing approximately 27,000 people across the U.S. and Canada.
The Great Lakes Clean Hydrogen coalition (GLCH) has received encouragement from the U.S. Department of Energy (DOE) to submit a full hydrogen hub application. This coalition includes Linde (NYSE: LIN), Cleveland-Cliffs (NYSE: CLF), and others. Their project focuses on developing low-carbon hydrogen through electrolysis at the Davis-Besse Nuclear Power Station in Ohio, aiming for a total investment exceeding $2 billion. Half of the funding is requested from the DOE's regional hydrogen hub initiative. The initiative targets decarbonization in steel, aviation, and glass industries while fostering environmental justice and job creation.
Cleveland-Cliffs Inc. (NYSE: CLF) announced improved fixed prices for its steel products in 2023 compared to 2022. The company expects an average selling price of around $1,400 per net ton for carbon steel automotive customers, up from $1,300. Fixed-price contracts will account for 40-45% of steel volumes sold. Additionally, lower input costs are anticipated to reduce steelmaking unit costs significantly this year.
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an immediate increase in spot market base prices for all carbon hot rolled, cold rolled, and coated steel products by at least $50 per net ton. The minimum base price for hot rolled steel now stands at $750 per net ton. This decision follows positive market feedback and improved conditions in raw materials and distribution markets, reflecting strong demand and operational efficiency.
Cleveland-Cliffs Inc. (NYSE: CLF) announces the launch of its MOTOR-MAX product line of non-oriented electrical steels aimed at high-speed motors and generators in North America. With rising demand for electric vehicles (EVs), Cleveland-Cliffs positions itself as the only producer of automotive-quality electrical steels in North America. The company emphasizes its environmentally friendly production methods, utilizing direct reduced iron and recycled materials in its electric arc furnaces. This initiative supports the increasing infrastructure needs for EVs, including charging stations.
Cleveland-Cliffs Inc. (NYSE: CLF) announced the completion of its initial research phase funded by the U.S. Department of Energy (DOE) for carbon capture at its Burns Harbor facility in Indiana. An application for the next funding phase was submitted on December 5. The project aims to capture 2.8 million tons of CO2 annually, achieving a carbon capture efficiency of at least 95%. This study will be co-funded by Cleveland-Cliffs and the DOE under the Bipartisan Infrastructure Law, supporting large-scale Carbon Capture and Sequestration technology initiatives.