Cleveland-Cliffs

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Cleveland-Cliffs excels in 2022, focuses on cost efficiency and sustainability

Cleveland-Cliffs had a robust 2022, focusing on financial strength, cost efficiencies, and sustainability initiatives while navigating pricing challenges.
The company's commitment to reducing costs, enhancing client relationships, and pursuing growth opportunities positions it well for future success.
Despite financial challenges, Cleveland-Cliffs remains resilient, prioritizing operational excellence and strategic initiatives for sustainable growth.

Cleveland-Cliffs (CLF) doubles EBITDA in Q1, eyes green energy opportunities

Cleveland-Cliffs (CLF) reported a strong Q1 performance, exceeding expectations in key metrics and profitability. The company's strategic focus on cost management, sustainability, and high-value-added products positions it well for continued success in 2023. While challenges in cost management and inventory levels exist, opportunities in green energy markets and automotive demand offer avenues for growth.

Cleveland-Cliffs (CLF) reports stellar Q2 results and eyes growth opportunities

Cleveland-Cliffs (CLF) excelled in Q2, showcasing financial strength, operational efficiency, and sustainability efforts. While facing challenges in pricing and volume shifts, the company's strategic strengths and growth opportunities position it well for continued success. CLF's focus on innovation, cost reduction, and shareholder value creation underpins its positive outlook.

Cleveland-Cliffs reports robust Q3 earnings, eyes cost efficiencies and growth

Cleveland-Cliffs' Q3 performance reflects financial strength and strategic focus on cost efficiency and shareholder value. Challenges include the impact of the UAW strike and competitive pressures in the automotive industry. The company is well-positioned to capitalize on opportunities for cost savings and diversified demand.

Cleveland-Cliffs (CLF) reports strong Q4 earnings, prioritizes shareholder value

Cleveland-Cliffs (CLF) showcased robust financials in Q4 2023, prioritizing shareholder value through buybacks and debt reduction. Despite challenges in market dynamics and competition, CLF's focus on technological advancement and operational efficiency positions them well for future growth and stability.

Cleveland-Cliffs prioritizes shareholder value and sustainability in Q1 2024

Cleveland-Cliffs prioritizes shareholder value through share buybacks and sustainable initiatives, showcasing a rebound in profitability and commitment to long-term growth.
The company faces challenges from trade imports impacting facilities and pricing misalignments with competitors, while opportunities lie in decarbonization projects and operational enhancements.
Overall, Cliffs' performance in Q1 reflects a strategic focus on shareholder returns, workforce support, and organic growth, positioning itself for sustainable value creation and market expansion.

Cleveland-Cliffs (CLF) reports robust Q2 earnings, eyes growth opportunities

CLF's Q2 performance reflects financial strength, operational efficiency, and strategic priorities for growth and sustainability.
While facing challenges from market dynamics, CLF's disciplined approach to cost management and investments in growth areas offer resilience.
Opportunities in automotive sector, M&A, and sustainability initiatives position CLF for future expansion and value creation.
Overall, CLF's focus on financial discipline, market diversification, and sustainability goals underpin its strategic direction and long-term success.

Cleveland-Cliffs reports Q3 earnings impacted by steel demand challenges

Cleveland-Cliffs navigated challenges in Q3 with commendable cost performance and strategic acquisitions. The company's focus on operational efficiency and market positioning bodes well for future growth. Opportunities for expansion and synergy realization from the Stelco acquisition are key drivers of optimism.

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Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

On Friday, Cleveland-Cliffs Inc. (NYSE:CLF) shares rallied nearly 13% after announcing its most recent quarterly results. The company reported its fiscal Q3 revenue and earnings before markets opened, exceeding the consensus for Street expectations.

Is it too late to buy Cleveland-Cliffs stock as shares spike after earnings beat?

Cleveland-Cliffs Inc. (CLF) CEO Lourenco Goncalves on Q3 2021 Results - Earning Call Transcript

Cleveland-Cliffs Inc. (NYSE: CLF) shares are trading higher Friday after the company reported better-than-expected third-quarter EPS and sales results. Quarterly earnings came in at $2.33 per share, beating the analyst estimate of $2.26.

Cleveland-Cliffs Is Nearing The End Of A Bullish Pattern: What Might The Stock See Next?

The steel stock stunned the market with exceptionally strong third-quarter numbers.

Why Cleveland-Cliffs Stock Is on Fire Today

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The latest earnings reveal some of the crosscurrents in the stock market right now.

Friday Could Bring New Market Highs, and These 2 Stocks Are the Ones to Watch

Cleveland-Cliffs (NYSE:CLF) reported its Q3 earnings results on Friday, October 22, 2021 at 07:00 AM. Here's what investors need to know about the announcement.

Cleveland-Cliffs: Q3 Earnings Insights

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2021. Third-quarter 2021 consolidated revenues were $6.0 billion, compared to the prior-year third-quarter revenues of $1.6 billion. For the third quarter of 2021, the Company recorded net income of $1.3 billion, or $2.33 per diluted share. In the prior-year third quarter, the Company recorded net income of $2 million. For the first nine months of 2021, the Compa

Cleveland-Cliffs Reports Record Third-Quarter 2021 Results

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Earnings Previews: American Express, Cleveland-Cliffs, Intel, Schlumberger

Just one week after call traders blasted Cleveland-Cliffs Inc (NYSE:CLF) on its  $775 million acquisition  of Ferrous Processing and Trading, the steel and iron producer is in the spotlight again.

Cleveland-Cliffs Stock Could Soon Notch Multi-Year High

As the company broadens its vertical integration with its acquisition of a steel scrap business, CLF stock can be pushed to new heights. The post Cleveland-Cliffs Popped on News of a $775 Million Metal Recycling Firm Deal appeared first on InvestorPlace.

Cleveland-Cliffs Popped on News of a $775 Million Metal Recycling Firm Deal

Mr. Goncalves is at it again, in a surprising turn, acquiring Ferrous Processing and Trading Company (FPT) for USD 775m.

Cleveland-Cliffs: Still Attractive As It Widens Its Competitive Moat

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today it took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award. Lourenco Goncalves, Chairman, President and CEO, said, “It is a tremendous honor to be selected and recognized by S&

Cleveland-Cliffs and Lourenco Goncalves Awarded Top Honors at S&P Global Platts 2021 Global Metals Ceremony

Falling iron ore prices may be holding CLF stock down, but there's plenty on the horizon to send it trending higher again. The post Steel Tailwinds Will Beat Iron Ore Headwinds for Cleveland-Cliffs appeared first on InvestorPlace.

Steel Tailwinds Will Beat Iron Ore Headwinds for Cleveland-Cliffs

Cleveland-Cliffs Inc (NYSE: CLF) will buy Ferrous Processing and Trading Company (FPT), including certain related entities, for about $775 million, the Ohio-based steelmaker revealed in a press release on Monday.   Cleveland shares jumped more than 6.0% on the news this morning.

Lebenthal on Cleveland-Cliffs' FPT acquisition: ‘it's an important strategic deal'

Cleveland-Cliffs Inc (NYSE:CLF) is in the spotlight today, after announcing a new acquisition that will see the steel and iron producer enter the scrap metal business.

Call Traders React to Cleveland-Cliffs Acquisition

Cleveland-Cliffs Inc. CLF, -0.48% said Monday it is entering the scrap metal business with the acquisition of Ferrous Processing and Trading Company (FPT) in a deal with an enterprise value of about $775 million. The Detroit-based FPT accounts for about 15% of the prime ferrous scrap market in the U.S., making it one of the biggest processors and distributors of the metal.

Cleveland-Cliffs to enter scrap business with acquisition of Ferrous Processing in $775 million deal

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (the “Company”) (NYSE: CLF) announced today that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United S

Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition

Cleveland-Cliffs' (CLF) agreement with UAW enables it to maintain its competitive cost structure in flat-rolled steel compared with any of its peers.

UAW Employees Ratify Cleveland-Cliffs' (CLF) New Labor Deal

Cleveland-Cliffs shares are jumping today, but the chart remains tricky. Here's how to play CLF stock now with an options strategy.

Cleveland-Cliffs Is Trying to Bottom, But Concerns Remain

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U.S. steel prices have skyrocketed in 2021, and steel stocks have mostly followed suit. One major Wall Street firm adjusted its coverage of steel stocks on Wednesday ahead of an anticipated correction in the steel market in the months ahead.

Goldman Sachs Downgrades US Steel, Upgrades Cleveland-Cliffs Ahead Of Steel Market Mean Reversion

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Cleveland-Cliffs stock has been on a declining trend for more than a month. The stock, which currently trades at $20 per share, has dropped more than 6% in just the last one week compared to a 3% fall in the S&P 500.

With Iron Ore Prices Tanking, How Is Cleveland-Cliffs' Stock Performing?

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Auto Workers (UAW) Local 3044 have ratified a three-year labor contract for its Rockport Works operation. The new contract is effective from October 1, 2021 through September 30, 2024. The new contract will cover approximately 350 UAW-represented workers at Rockport. Lourenco Goncalves, Chairman, President and CEO, stated, “Our union workforce is at the core of not just wha

Cleveland-Cliffs' New 3-Year Labor Contract with United Auto Workers Ratified at Rockport Works

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Despite a significant drawdown over the last month, I see several reasons why the stock may bounce off its current support level and show good returns in the medium term. We are once again in a situation where the rise in prices for the main products for the company outstrips the growth of its stock due to the sharp fall.

News for Cleveland-Cliffs Stock (CLF)