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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) 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%
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Rhea-AI Summary
Cleveland-Cliffs Inc. (NYSE: CLF) increases spot market base prices for carbon steel products, with minimum base price for hot rolled steel at $750 per net ton.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
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Rhea-AI Summary
Cleveland-Cliffs mourns the loss of USW International President, Tom Conway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
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none
Rhea-AI Summary
Cleveland-Cliffs employees at Northshore Mining ratify new labor agreement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
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none
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Rhea-AI Summary
Cleveland-Cliffs reaches tentative agreement with United Steelworkers on new labor contract for Northshore Mine in Minnesota.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
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none
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Rhea-AI Summary
Cleveland-Cliffs Inc. has received the assignment of the United Steelworkers' right to bid on the acquisition of United States Steel Corporation. Cliffs is now the only realistic buyer for U.S. Steel and has agreed to assume all agreements between U.S. Steel and the USW. The USW's transfer and assignment only applies to Cliffs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
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none
Rhea-AI Summary
Cleveland-Cliffs publicly announces its offer to acquire 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock, representing a 43% premium to U.S. Steel's share price. The proposal provides a clear roadmap to completion and has the support of the United Steelworkers union.
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End-of-Day
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Rhea-AI Summary
Cleveland-Cliffs Inc. reports Q2 2023 results with revenues of $6.0 billion, net income of $356 million, and adjusted EBITDA of $775 million. The company reduced net debt to $3.9 billion and has total liquidity of $3.8 billion. Steel shipments reached 4.2 million net tons, driven by record automotive shipments and higher realized prices. Cliffs expects further cost reductions and a strong second half of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.48%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
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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.