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 Inc. (NYSE: CLF) will announce its first-quarter 2022 earnings results before the U.S. market opens on April 22, 2022.
Following the earnings release, a live conference call is scheduled for 10:00 am ET on the same day, allowing analysts and investors to discuss the results. The call can be accessed via the company's website, where it will also be archived for replay.
Cleveland-Cliffs is North America's largest flat-rolled steel producer and iron ore pellets manufacturer, employing approximately 26,000 people across the U.S. and Canada.
Cleveland-Cliffs Inc. (NYSE: CLF) has expanded its marketing agreement with the Cleveland Cavaliers, marking a significant partnership that includes the Cliffs logo on player jerseys beginning the 2022-23 NBA season. This collaboration highlights Cliffs' deep-rooted presence in the Great Lakes Region and its commitment to community engagement. The company will also contribute $500,000 to local Boys & Girls Clubs, emphasizing its dedication to positive regional impact.
Cleveland-Cliffs Inc. (NYSE: CLF) announced its intention to redeem all $607 million of its 9.875% Senior Secured Notes due October 2025, totaling approximately $677 million including a redemption premium. This redemption, set for April 20, 2022, aligns with the company's deleveraging strategy and is expected to significantly lower its annual interest expenses of $60 million. The company aims to use its growing free cash flow to reduce debt, enhancing its financial stability.
Cleveland-Cliffs Inc. (NYSE: CLF) was honored as a 2021 GM Supplier of the Year during GM's 30th annual awards in Phoenix, Arizona. This recognition is a testament to Cleveland-Cliffs' capability to meet GM's rigorous standards, marking their fifth consecutive year of receiving this award. GM acknowledged 134 suppliers across 16 countries for their outstanding performance in various categories. CEO Lourenco Goncalves emphasized Cleveland-Cliffs' position as the largest automotive steel supplier in the U.S., showcasing their commitment to quality and innovation.
Cleveland-Cliffs Inc. announced the indefinite idling of its Indiana Harbor #4 blast furnace due to operational improvements. This decision will not affect its 2022 steel shipment volumes, as operations at Indiana Harbor Works will continue normally. The company is reassigning employees from IH#4 to other positions within the complex. Moreover, Cleveland-Cliffs is raising spot market base prices for April orders of carbon steel products by at least $50 per net ton, reflecting a stronger order inflow. The idling will reduce operational blast furnaces from 8 to 7.
Cleveland-Cliffs Inc. reported record annual revenue of $20.4 billion and a net income of $3.0 billion for 2021, significantly up from a $81 million loss in 2020. The company's Adjusted EBITDA was $5.3 billion, showcasing profitable growth. Fourth-quarter results revealed revenues of $5.3 billion and net income of $899 million. A $1 billion share repurchase program has been authorized to enhance shareholder value. The outlook for 2022 remains strong, boosted by higher expected average selling prices and a robust automotive demand.
Cleveland-Cliffs Inc. (NYSE: CLF) is set to announce its fourth-quarter and full-year 2021 earnings results on
Cleveland-Cliffs Inc. (NYSE: CLF) has announced a notice of redemption for all remaining $294 million of its 1.50% Convertible Senior Notes due January 18, 2025. The redemption will take place on January 18, 2022, the earliest allowable date. Noteholders can convert their Notes before this redemption date, with a full cash payment of the principal amount upon redemption or conversion.
This release serves as informational and does not constitute a redemption notice. Detailed procedures for redemption will be provided to registered holders.
Cleveland-Cliffs Inc. (NYSE: CLF) has completed its acquisition of Ferrous Processing and Trading Company (FPT) as of November 17. FPT, a leading ferrous scrap processor in the U.S., processes approximately three million tons of scrap annually. This acquisition aims to enhance Cliffs' position in the prime scrap market through its established industrial steel consumer relationships. CEO Lourenco Goncalves emphasized the transformative potential of this acquisition in increasing scrap offtake and expanding business operations.
Cleveland-Cliffs Inc. (NYSE: CLF) has partnered with the U.S. Department of Energy as part of the Better Climate Challenge initiative. The company aims to achieve a 25% reduction in greenhouse gas emissions by 2030 from 2017 levels, utilizing best practices and technical assistance from the DOE. CEO Lourenco Goncalves emphasized the company's commitment to improving its environmental impact through initiatives like increased use of hot briquetted iron (HBI) in blast furnaces and prime scrap utilization. Cleveland-Cliffs is the largest flat-rolled steel producer in North America.
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