The company said it is idling the facility due to weak demand and insufficient pricing for the products produced at the ...

Waves of layoffs and plant-idling in the past two months by steelmaker Cleveland-Cliffs have demonstrated that, despite ...

CEO Lourenco Goncalves explained the moves are designed to streamline operations and enhance efficiency. Cleveland-Cliffs ...

Meanwhile, Cliffs, which has been an active buyer in recent years — ArcelorMittal USA, AK Steel and Stelco are among its ...

Cleveland-Cliffs is temporarily cutting hundreds of jobs after reporting a significant loss in the first quarter of 2025, and ...

Cleveland-Cliffs (CLF) stock fell 9.4% in extended trading on Wednesday after the company reported a bigger-than-expected loss and said it would pause operations at some plants to cut losses. The ...

Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.

Now, however, that optimism has taken a major blow. Last week, Cleveland-Cliffs announced it’s abandoning the plans in ...

In an earnings call today, company officials elaborated on their reasoning, saying abandonment of the project would result in ...

CEO Lourenco Goncalves addressed the company's Q1 2025 ... maintain a level playing field for domestic steel producers. Cleveland-Cliffs is navigating a challenging market environment by ...