Cleveland-Cliffs Inc Stock Price, News & Analysis

Cleveland-Cliffs (NYSE: CLF) welcomed the U.S. Department of Commerce's decision to extend Section 232 steel tariffs to include electrical steel laminations, cores, and certain stainless steel automotive exhaust parts. Effective immediately, steel content in these products will be subject to 50% tariffs.

The action aims to counter tariff circumvention through Mexico and Canada involving derivative products using non-North American steel, which Cleveland-Cliffs identified after acquiring AK Steel Corporation. This measure supports the company's stainless steel operations in Coshocton and Mansfield, OH, and electrical steel operations in Butler, PA and Zanesville, OH, protecting domestic manufacturing of cars, appliances, and electrical transformers.

Cleveland-Cliffs (NYSE:CLF) reported its Q2 2025 results with record steel shipments of 4.3 million net tons and revenues of $4.9 billion. The company posted a GAAP net loss of $470 million, including $323 million in non-recurring charges related to idled facilities, and an adjusted net loss of $247 million ($0.50 per share).

The company's Adjusted EBITDA improved by $271 million quarter-over-quarter to $97 million, with steel unit cost reductions of $15 per net ton. CLF maintains strong liquidity of $2.7 billion and updated its 2025 guidance, including reduced capital expenditure expectations to $600 million and anticipated steel unit cost reductions of $50 per net ton compared to 2024.

The company's steel product mix comprised 40% hot-rolled, 27% coated, 15% cold-rolled, with the remainder in plate, stainless, electrical, and other products. Major customer segments included infrastructure and manufacturing (31%), distributors and converters (30%), and automotive (26%).

Cleveland-Cliffs (NYSE:CLF) announced it will live stream a ribbon cutting ceremony for its new $150 million Stainless Bright Annealing Line at Coshocton Works facility in Ohio. The event will take place on July 2, 2025, at 11:00 AM ET. CEO Lourenco Goncalves will host Ohio Governor Mike DeWine, along with other executives, employees, and key customers at this invitation-only event. The ceremony will be accessible via Cleveland-Cliffs' YouTube channel.

Cleveland-Cliffs (NYSE: CLF), a major steel producer, has scheduled its second-quarter 2025 earnings announcement for Monday, July 21, 2025, before the U.S. market opens. The company will host a conference call with securities analysts and institutional investors at 8:30 am ET on the same day to discuss the quarterly results. Interested parties can access the live broadcast through Cleveland-Cliffs' website at www.clevelandcliffs.com, where the recording will also be archived for future reference.

Cleveland-Cliffs (NYSE: CLF) has commissioned a new $150 million Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Ohio. The state-of-the-art line will produce premium stainless steel for high-end automotive and appliance applications, utilizing innovative 100% hydrogen atmosphere technology instead of conventional acid-based processing. The facility includes a hydrogen recovery unit enabling 50/50 recycling of hydrogen. CEO Lourenco Goncalves highlighted that the stainless steel business has been their most consistent profit generator since acquiring AK Steel in 2020, and this investment is expected to yield quick returns while improving quality and productivity through advanced automation.

Cleveland-Cliffs (NYSE: CLF) reported challenging Q1 2025 results with revenues of $4.6 billion but a GAAP net loss of $483 million ($1.00 per share). The company announced major operational changes, including idling six facilities to optimize operations and reduce costs. These changes are expected to generate annual savings over $300 million. The company is strategically repositioning away from non-core markets and focusing on its automotive steel business. Key financial metrics include an Adjusted EBITDA loss of $174 million and steel sales volumes of 4.1 million net tons. Management highlighted three focus areas: automotive volume recovery, repositioning from underperforming assets, and the upcoming termination of an unprofitable slab contract that could benefit annual EBITDA by $500 million starting 2026. The company maintains strong liquidity of $3.0 billion.

Cleveland-Cliffs (NYSE: CLF) has scheduled its first-quarter 2025 earnings announcement for May 7, 2025, after the U.S. market close. The company will host a conference call with securities analysts and institutional investors to discuss the results on May 8, 2025, at 8:30 am ET. Interested parties can access the live broadcast through the company's website at www.clevelandcliffs.com, where the call recording will also be available for replay.

Cleveland-Cliffs (NYSE: CLF) has announced a new 'Buy American' incentive program for its workforce of nearly 30,000 employees. The program will offer a $1,000 cash bonus to employees who purchase or lease new American-built vehicles containing substantial Cliffs' steel content during calendar year 2025.

Vehicles manufactured outside the United States or using significant amounts of imported flat-rolled steel will not qualify for the incentive. The company will provide detailed guidance on vehicle eligibility directly to employees.

The initiative aligns with efforts to boost domestic manufacturing and support American-made products. Cleveland-Cliffs will host a joint press conference at its Cleveland Works plant featuring CEO Lourenco Goncalves and U.S. Senator Bernie Moreno to discuss this program.

Cleveland-Cliffs (NYSE: CLF) has completed its fifth annual Souper Bowl Food Drive, collecting 415,000 pounds of non-perishable food items across 50 operations and offices in February 2025. The initiative, aimed at addressing food insecurity in local communities, also included cash contributions totaling $270,000 from Cleveland-Cliffs, The Cleveland-Cliffs Foundation, and Stelco Holdings to support 45 food distribution organizations.

The company reports that over the past five years, it has contributed more than $3 million to organizations fighting hunger in communities where it operates.