Cleveland-Cliffs Inc.

Energy Harbor along with Linde, GE Aerospace, Cleveland-Cliffs, The University of Toledo and other members of the Great Lakes Clean Hydrogen Partnership today announced they have moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and technology operators away from greenhouse gas emitting feedstocks and [...]

The Great Lakes Clean Hydrogen Partnership comprised of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs and the University of Toledo today announced it has moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and technology operators away from greenhouse gas emitting feedstocks and fuels, to hydrogen, a [...]

The Great Lakes Clean Hydrogen Partnership comprised of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs and the University of Toledo today announced it has moved forward with its Department of Energy hydrogen hub application. This new industry-led coalition will transition Midwest manufacturing, mobility, power generation and technology operators away from greenhouse gas emitting feedstocks and fuels, to hydrogen, a [...]

Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2022. Third-quarter 2022 consolidated revenues were $5.7 billion, compared to the prior-year third-quarter revenues of $6.0 billion. For the third quarter of 2022, the Company recorded net income of $165 million, or $0.29 per diluted share attributable to Cliffs shareholders. In the prior-year third quarter, the Company recorded [...]

Cleveland-Cliffs Inc. announced today that its new labor agreement with the United Steelworkers has been ratified. The contract covers approximately 12,000 USW-represented employees at 13 operating locations, and has a 4-year duration from its starting date of September 1, 2022. Combined with the previously ratified labor agreement covering 2,000 USW-represented employees at the Company's mining and pelletizing [...]

Cleveland-Cliffs Inc. will announce its third-quarter 2022 earnings results before the U.S. market open on Tuesday, October 25, 2022. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on October 25, 2022, at 10:00 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and [...]

Cleveland-Cliffs Inc. announced today that its employees represented by the United Steelworkers at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified new 47-month labor agreements at those locations. The agreements are effective on October 1, 2022, and cover approximately 2,000 USW-represented employees at Cleveland-Cliffs Mining and Pelletizing locations in [...]

Cleveland-Cliffs Inc. announced today that it has reached a tentative agreement with the United Steelworkers on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula. With the successful [...]

Cleveland-Cliffs Inc. today announced that it is increasing current spot market base prices for all carbon steel hot rolled, cold rolled and coated steel products by a minimum of $75 per ton, effective immediately with new orders in North America. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest [...]

Cleveland-Cliffs Inc. today reported second-quarter results for the period ended June 30, 2022. Second-quarter 2022 consolidated revenues were $6.3 billion, compared to the prior-year second-quarter revenues of $5.0 billion. For the second quarter of 2022, the Company recorded net income of $601 million, or $1.13 per diluted share attributable to Cliffs shareholders. This included the following one-time charges totaling [...]