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 (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.
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.
Cleveland-Cliffs (NYSE: CLF) reported challenging financial results for 2024, with full-year consolidated revenues declining to $19.2 billion from $22.0 billion in 2023. The company recorded a GAAP net loss of $708 million ($1.57 per diluted share) and adjusted net loss of $351 million ($0.73 per diluted share), compared to 2023's net income of $450 million.
Fourth-quarter 2024 results showed consolidated revenues of $4.3 billion, down from $5.1 billion in Q4 2023, with a GAAP net loss of $434 million. Adjusted EBITDA for 2024 decreased to $780 million from $1.9 billion in 2023, primarily due to lower steel index pricing.
The company's steelmaking segment reported full-year sales volume of 15.6 million net tons, with automotive customers representing 30% of sales. For 2025, CLF expects steel unit cost reductions of approximately $40 per net ton and capital expenditures of about $700 million.
Cleveland-Cliffs (NYSE: CLF) has successfully priced and upsized its offering of Senior Guaranteed Notes due 2031 to $850 million. The Notes will carry a 7.500% annual interest rate and will be issued at par value. They will be guaranteed on a senior unsecured basis by Cliffs' material direct and indirect wholly-owned domestic subsidiaries.
The Notes offering is expected to close on February 6, 2025, subject to customary closing conditions. The company plans to use the net proceeds for general corporate purposes, including repaying borrowings under its asset-based credit facility. The transaction is leverage neutral, improves liquidity, and converts secured debt to unsecured debt.
The Notes are being offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act, as they are exempt from registration requirements.
Cleveland-Cliffs (NYSE: CLF) has announced plans to offer $750 million in Senior Guaranteed Notes due 2031. The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act of 1933.
The Notes will be backed by guarantees from Cliffs' material direct and indirect wholly-owned domestic subsidiaries, excluding certain subsidiaries. The company plans to use the net proceeds for general corporate purposes, including repaying borrowings under its asset-based credit facility.
The offering is exempt from Securities Act registration requirements, and the Notes cannot be sold in the United States without registration or an applicable exemption from federal and state securities laws.