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) 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.
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.