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 (NYSE: CLF) announced the voluntary dismissal of a lawsuit filed by U.S. Steel Corporation, Nippon Steel Corporation, and Nippon Steel North America. The lawsuit, originally filed on January 6, 2025, against Cleveland-Cliffs, CEO Lourenco Goncalves, and United Steelworkers President David McCall, was dismissed with prejudice on September 3, 2025.
The settlement agreement includes a full release of all defendants with no financial consideration exchanged. While other terms remain confidential, CEO Goncalves emphasized that the company remains focused on advancing its steelmaking leadership position in North America.
Cleveland-Cliffs (NYSE: CLF) has announced the pricing of $850 million Senior Unsecured Notes due 2034. The notes will carry an interest rate of 7.625% and will be issued at par, with guarantees from Cliffs' material wholly-owned domestic subsidiaries.
The company plans to use the proceeds to redeem all outstanding 5.875% and 7.00% Senior Guaranteed Notes due 2027, including AK Steel's 7.00% Senior Notes, and repay borrowings under its asset-based credit facility. The offering is expected to close on September 8, 2025, subject to customary conditions.
Cleveland-Cliffs (NYSE: CLF) has announced plans to offer $600 million in Senior Unsecured Guaranteed Notes due 2034. The notes will be guaranteed by Cliffs' material direct and indirect wholly-owned domestic subsidiaries, with certain exclusions.
The company intends to use the proceeds, along with available liquidity, to redeem all outstanding 5.875% Senior Guaranteed Notes due 2027, 7.00% Senior Guaranteed Notes due 2027, and AK Steel 7.00% Senior Notes due 2027. The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
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) 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.