A Steelton rail facility is among six Cleveland-Cliffs plants that will be partially or fully idled in a cost-cutting move.

Key Takeaways Cleveland-Cliffs is idling plants and reducing spending after it posted a wider-than-expected quarterly ...

Shares of Cleveland Cliffs, the second-largest steelmaker in the U.S. by volume, have lost more than a third of their value ...

Cleveland Cliffs reported surprisingly weak first-quarter numbers, and announced it was idling some plants to reduce losses.

Cleveland-Cliffs ( CLF -15.25%) stock reported a loss last night that was much worse than anticipated, sending its stock ...

The steelmaker lost more than $480 million in the first three months of 2025 and is responding by cutting back capacity .

The future of the proposed transformer manufacturing facility in Weirton is facing uncertainty after union leaders learned ...

The indefinite idling of these facilities is not due to steel tariffs,” a company spokesperson said in a statement.

Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves said the steelmaker's $483 million loss in the first quarter ...

The Weirton project was rolled out with considerable fanfare in July 2024. Cliffs’ plan was to repurpose its closed Weirton ...

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

According to our estimates, revenues are expected to reach $5.2 billion, while the consensus estimates for earnings forecast ...