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.

J.P. Morgan analyst Bill Peterson downgraded shares of steel maker Cleveland-Cliffs to Hold from Buy. His price target went to $17 from $23.

Cleveland-Cliffs Stock Downgraded Again. 2 Reasons Wall Street's Worried.

The latest trading day saw Cleveland-Cliffs (CLF) settling at $15.65, representing a -0.95% change from its previous close.

Cleveland-Cliffs (CLF) Stock Dips While Market Gains: Key Facts

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Thursday, GLJ analyst Gordon Johnson cut his rating on Cleveland-Cliffs stock to Sell from Buy. He slashed his price target to $10.13 from $27.20.

Cleveland-Cliffs Stock Double Downgraded to Sell

Traders are buying SOFR options, indicating a belief that interest rates may remain higher for longer. Steel stocks, such as Cleveland-Cliffs, tend to perform well when inflation is high. Cleveland-Cliffs has made strategic acquisitions, improved its balance sheet, and is positioned for future gains in the steel industry.

Is The Market Wrong About Steel? Why Cleveland-Cliffs Is A Steal

In the latest trading session, Cleveland-Cliffs (CLF) closed at $16.94, marking a +0.18% move from the previous day.

Cleveland-Cliffs (CLF) Outperforms Broader Market: What You Need to Know

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OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest”) announces the following distributions for Harvest ETFs for the month ending May 31, 2024. The distribution will be paid on or about June 7, 2024 to unitholders of record on May 31, 2024 with an ex-dividend date of May 31, 2024. Harvest has established a Distribution Reinvestment Plan (“DRIP”) for certain classes of Harvest ETFs, allowing investors to easily benefit from compounding their distributions on a monthly bas.

Harvest ETFs announces May 2024 Distributions

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has set new greenhouse gas (GHG) emissions reduction targets. The Company's prior commitment to reduce absolute Scope 1 (direct) and Scope 2 (indirect) GHG emissions by 25% by 2030, relative to 2017 levels, has already been successfully achieved well ahead of schedule. Cleveland-Cliffs' new goals set forth below, relative to 2023 levels, are all supported by ongoing and planned technological developments to it.

Cleveland-Cliffs Announces New Greenhouse Gas Emissions Reduction Goals

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The stock market has risen without much volatility. Quiet days favor stocks such as Citigroup, Comerica, Carnival, ABM, Synchrony, Cleveland Cliffs, and Goodyear, says 22V Research.

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today addressed the inaccurate allegations published by the U.S. Steel Board on May 21, 2024, regarding its doomed attempt to sell its company to a foreign buyer without Union support. Lourenco Goncalves, Cliffs Chairman, President and Chief Executive Officer, said: “At Cleveland-Cliffs, we only deal with transparency. It is unfortunate that the U.S. Steel Board of Directors is just now realizing that it announced an un-closeable dea.

Cleveland-Cliffs Reminds U.S. Steel: You Have No Path to Close

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the International Trade Commission's (ITC) unanimous decision to uphold tariffs on tin mill products from Japan. After recently rejecting tariffs on tin mill products from several countries including China, the ITC correctly declared that Japan is different – Japan is not a fair trade partner with the United States. The United States currently has antidumping orders on 12 steel products from Japan. The largest produce.

Cleveland-Cliffs Applauds International Trade Commission's Decision to Uphold Tariffs on Japanese Imports

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that, in response to industry trends and feedback from customers, the Company will publish a “Cliffs Hot Rolled Market Price” via letter to all flat-rolled customers on a monthly basis. The price will be published in conjunction with the monthly opening of the Hot Rolled order book, and will be simultaneously published at https://www.clevelandcliffs.com/doing-business/. Cliffs may also update this price more frequentl.

Cleveland-Cliffs to Publish Monthly Hot Rolled Coil Spot Price

Cleveland-Cliffs reported a massive $500mm co-investment from the DoE to convert a blast furnace producing pig iron to HBI, improving their decarbonization efforts.

Cleveland-Cliffs Is A Long-Term Growth Strategy

Cleveland-Cliffs (CLF) lags Q1 earnings and revenue estimates due to lower volumes.

Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1

Cleveland Cliffs missed revenue and earnings in the first quarter. However, the miss was really due to just one segment going on a "buyer's strike," which seems to have been resolved.

Why Cleveland-Cliffs Plunged on Tuesday

Cleveland-Cliffs Inc. (NYSE:CLF ) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants Celso Goncalves - Executive Vice President & Chief Financial Officer Lourenco Goncalves - Chairman, President & Chief Executive Officer Conference Call Participants Lucas Pipes - B. Riley Securities Bill Peterson - JPMorgan Phil Gibbs - KeyBanc Capital Markets Alex Hacking - Citi Tristan Gresser - BNP Parabas Lawson Winder - Bank of America Operator Good morning, ladies and gentlemen.

Cleveland-Cliffs Inc. (CLF) Q1 2024 Earnings Call Transcript

Steel producers Nucor and Cleveland-Cliffs both missed Wall Street's first quarter estimates. The shares are down for different reasons, however.

Nucor, Cleveland-Cliffs Earnings Bloopers Weigh Down Steel Stocks

Cleveland-Cliffs (CLF) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.11 per share a year ago.

Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Miss Estimates

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights Repurchased 30.4 million shares, or 6% of total outstanding Revenues of $5.2 billion Steel shipments of 3.9 million net tons GAAP net loss of $53 million and adjusted net income1 of $87 million Adjusted EPS1 of $0.18 per diluted share Adjusted EBITDA2 of $414 million 70% Adjusted EBITDA2 improvement year-over-year and 48% increase.

Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program

Cleveland-Cliffs (NYSE:CLF), a vertically integrated steel mill operator, is poised to report its Q1 2024 results on April 23. We expect revenue to come in at $5.4 billion, marking an increase of about 1% compared to last year, and slightly ahead of the current market price.

Will Cleveland-Cliffs Stock Move Higher Following Q1 Results?

Nucor and Cleveland-Cliffs report late Monday, with Steel Dynamics due late Tuesday. The steel stocks are all testing key support after recent pullbacks.

Nucor, Cleveland-Cliffs Earnings Due; Will Key Support Hold For Steel Stocks?

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs is hosting a live streamed speaking program on the Company's YouTube channel at https://www.youtube.com/watch?v=bUgTZxmVcLA.

Cleveland-Cliffs to Host United States Secretary of Energy Jennifer Granholm at its Butler Works

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Things seemed to be slowing down after interest rates were raised eleven times in the previous 18 months, but according to the most recent data, the inflation rate for the last 12 months as of March is 3.5%, which has many people searching for steel stocks to sell from their portfolio. The logic is straightforward.

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Cleveland-Cliffs (CLF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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