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Cleveland-Cliffs Inc - CLF STOCK NEWS

Welcome to our dedicated news page for Cleveland-Cliffs (Ticker: CLF), a resource for investors and traders seeking the latest updates and insights on Cleveland-Cliffs.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cleveland-Cliffs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cleveland-Cliffs's position in the market.

Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement regarding the proposed acquisition of U.S. Steel by Nippon Steel. Lourenco Goncalves, Chairman, President, and CEO, identified U.S. Steel as undervalued, with significant synergy potential when combined with Cleveland-Cliffs, creating a union-friendly American champion among the top-10 steelmakers globally. Despite U.S. Steel's decision to go with a foreign buyer, Goncalves sees this as validation of the sector's undervaluation, with a multiple re-rating for Cleveland-Cliffs overdue. The company has reached its net debt target of $3.0 billion and plans aggressive share buybacks due to the undervaluation of CLF shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.63%
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none
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Rhea-AI Summary
Cleveland-Cliffs (CLF) is featured in the U.S. Department of Energy's Better Climate Challenge Road Show series, showcasing its commitment to emissions reduction and decarbonization. The company's state-of-the-art Direct Reduction facility in Toledo, Ohio, is highlighted as a leader in the industry, producing environmentally friendly hot-briquetted iron (HBI) for steelmaking. Cleveland-Cliffs' recognition as a Greenhouse Gas Emissions Reduction 2023 Goal Achiever further solidifies its position as a leader in sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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none
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Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) increases spot market base prices for carbon steel products, setting minimum base price for hot rolled steel at $1,100 per net ton.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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none
Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) has raised spot market base prices for carbon hot rolled, cold rolled, and coated steel products, setting the minimum base price for hot rolled steel at $1,000 per net ton.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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none
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Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) has announced an increase in spot market base prices for all carbon hot rolled, cold rolled, and coated steel products. The minimum base price for hot rolled steel is now $900 per net ton.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.71%
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none
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Rhea-AI Summary
Cleveland-Cliffs recognized by DOE for reducing GHG emissions by 32% from 2017 baseline
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
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none
Rhea-AI Summary
Cleveland-Cliffs Inc. reports Q3 2023 results with revenues of $5.6 billion and net income of $275 million. Steel shipments reach 4.1 million net tons, including record automotive shipments. Adjusted EBITDA is $614 million. Net debt reduced to $3.4 billion with record liquidity of $4.4 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.91%
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Rhea-AI Summary
Cleveland-Cliffs Inc. raises spot market base prices for carbon steel products
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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none
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Rhea-AI Summary
Cleveland-Cliffs applauds DOE funding for hydrogen hubs, including MachH2
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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none
Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) to announce Q3 2023 earnings on October 23, 2023, with a conference call on October 24, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
Cleveland-Cliffs Inc

NYSE:CLF

CLF Rankings

CLF Stock Data

10.29B
488.42M
1.63%
72.45%
6.56%
Iron Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Cleveland

About CLF

arcelormittal usa is part of arcelormittal, the world’s leading steel and mining company. guided by a philosophy to produce safe, sustainable steel, we are a leading supplier of quality steel products in major north american markets including automotive, construction, pipe and tube, appliance, container and machinery. arcelormittal usa employs more than 20,000 people at 27 operations across 13 of the united states. we aim to give our employees every chance to flourish in their careers and grow as part of a global company. we offer a wealth of diverse opportunities. whether you work in production in pennsylvania or as a purchaser in indiana, joining arcelormittal is the start of a journey that, we hope, will lead to a rewarding career. we are always looking for the best and brightest minds to help us transform the future of steel.