The company plans to lay off 630 employees in 60 days. Sen. Grant Hauschild said Cliffs has excess pellets, and the auto industry, which uses Cliffs steel, faces "challenging economic conditions.
Cleveland-Cliffs Inc. plans the temporary layoffs of more than 600 people at two Minnesota operations, a move the company said results from a need to "consume the excess (iron ore) pellet inventory ...
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Cleveland-Cliffs Stares At Tough Q4 As Weak Steel Prices, Sluggish Demand Weigh On Topline: Retail’s DividedAs for the topline, Cleveland-Cliffs posted preliminary results showing $4.3 billion in Q4, falling over 15% from $5.11 billion a year ago. Demand for steel in the U.S. weakened in 2024 after a ...
Cleveland-Cliffs (NYSE:CLF) -5.6% in Tuesday's trading after reporting a wider Q4 loss and a decline in revenues, although CEO Lourenco Goncalves said he expects a "dramatic rebound" for the U.S ...
The steelmaker lost more than $400 million in the fourth quarter but its order books are rebounding. Cleveland-Cliffs Inc. has started 2025 in much better fashion than how it ended last year, Chairman ...
CLEVELAND, February 26, 2025--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it held its fifth annual Souper Bowl Food Drive across 50 of its operations and offices to ...
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