Cleveland-Cliffs Inc is a leading iron ore mining company that specializes in the production and supply of iron ore pellets and other raw materials essential for steelmaking
With a focus on sustainable mining practices, the company operates various mining and processing facilities across the United States and Canada. Cleveland-Cliffs serves a diverse range of customers in the steel industry, offering high-quality iron ore products that support both domestic and international steel production. The company is committed to innovation and operational efficiency, aiming to meet the evolving demands of the market while prioritizing environmental stewardship.
After the U.S. government blocked a $14 billion bid by Japan-based Nippon Steel, media reports suggested that Cleveland-Cliffs Inc. and Nucor Corp. could be interested in a joint bid to acquire U.S. Steel.
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Cleveland-Cliffs Inc. (NYSECLF) (“Cliffs”) will announce its full-year and fourth-quarter 2024 earnings results after the U.S. market close on Monday, February 24, 2025.
Cleveland-Cliffs CEO Lourenco Goncalves' comments about Japan’s trade practices and U.S. Steel’s sale to Nippon have drawn investor scrutiny on Stocktwits.
Cleveland-Cliffs Inc. (NYSECLF) will hold a press conference today at its Butler Works plant in Butler, Pennsylvania, featuring Chairman, President, and CEO Lourenco Goncalves. The event marks the five-year anniversary of Cleveland-Cliffs' acquisition of AK Steel. At the time of the acquisition five years ago, Cliffs made the strategic commitment to defend U.S. national security by preserving operations and jobs at Butler Works, where it produces the grain-oriented electrical steel critical for the supply of electricity to the country. The press conference will address issues important to Cleveland-Cliffs and the domestic steel industry, and will feature opening remarks and media Q&A.
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U.S. Steel and Nippon Steel Corp have filed lawsuits against the Biden administration in response to President Joe Biden's blocking of the steelmakers' $14.9 billion deal.
Cleveland-Cliffs Inc. (NYSECLF) (“Cliffs”) provided the following statement regarding the recent developments related to the United States Government decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon Steel of Japan:
Jim Cramer recommends buying Home Depot (HD) stock after its strong Q3 earnings and outlook boost. Avoid Hafnia (HAFN), but consider Cleveland-Cliffs (CLF).
President Biden blocked the Nippon Steel acquisition of US Steel due to national security issues, but US Steel needs the cash inflow from Nippon to survive.
Cleveland-Cliffs Inc. CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.'s proposed $14.9 billion acquisition of United States Steel Corp. months before it happened, according to documents submitted to federal regulators.
