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) will host a press conference at its Cleveland Works plant on Wednesday, June 26, featuring U.S. Senator Sherrod Brown and USW leadership, including President David McCall and Director Donnie Blatt. CEO Lourenco Goncalves will lead discussions on the recently introduced bipartisan legislation aimed at reinstating the 25% tariffs on Mexican steel imports. This 'Stop Mexico’s Steel Surge Act' is designed to protect American manufacturers and steel workers by potentially imposing additional quotas and tariffs as needed. The event will be live-streamed on Cleveland-Cliffs’ YouTube channel at 11:15 a.m. ET, with a replay available afterward.
Cleveland-Cliffs (NYSE: CLF) has announced new greenhouse gas (GHG) emissions reduction targets.
The company, having already achieved its prior goal of a 25% reduction in Scope 1 and Scope 2 GHG emissions by 2030 relative to 2017 levels, now aims to reduce emissions further by 2035 and 2050.
Specifically, Cleveland-Cliffs plans to reduce Scope 1 and Scope 2 GHG emissions intensity per metric ton of crude steel by 30% and Scope 3 emissions by 20% by 2035, with a long-term goal of near net-zero emissions by 2050.
These reductions will be driven by projects in Middletown, OH, and Butler, PA, conducted in cooperation with the U.S. Department of Energy (DOE), along with other operational initiatives.
Capital expenditure plans remain unchanged despite these new targets.
Cleveland-Cliffs (CLF) addressed allegations from U.S. Steel's Board on May 21, 2024, regarding its attempt to sell to foreign buyers without Union support. CEO Lourenco Goncalves emphasized the company's transparent practices and reiterated their stance on keeping U.S. Steel American-owned with Union backing. The U.S. Steel Board's claim that the Union lacked veto power is disputed by Cliffs, highlighting support from the United Steelworkers (USW) only for Cleveland-Cliffs. U.S. Steel's decision to pursue a deal with Nippon Steel, without Union endorsement, is criticized as presenting CFIUS risks and negative impacts on workers and national security. Prominent figures, including President Biden and candidate Donald Trump, have opposed the transaction to maintain U.S. Steel's American ownership.
Cleveland-Cliffs Inc. (NYSE: CLF) praised the International Trade Commission's decision to maintain tariffs on tin mill products from Japan, emphasizing Japan's unfair trade practices in the steel industry. The company's CEO highlighted the significance of American ownership in the steel sector and the need to address unfair trade practices through U.S. trade laws.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.