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The company said it is idling the facility due to weak demand and insufficient pricing for the products produced at the ...
Cleveland-Cliffs (NYSE:CLF) -7.6% pre-market Thursday after reporting a larger than expected Q1 adjusted loss and an 11% Y/Y ...
Cleveland-Cliffs is idling plants and reducing spending after it posted a wider-than-expected quarterly loss. The steelmaker ...
Cleveland-Cliffs said in a recent earnings report that between March and May it had made the decision to fully or partially idle six facilities to optimize its footprint, reposition away from loss ...
Cleveland-Cliffs also announced other operational changes in response to the losses, including the idling of six facilities. This week, the company announced the full idling of two facilities in ...
The U.S. steelmaker is temporarily closing mining and steelmaking operations south of the border, putting 2,000 people out of ...
Ohio-based steelmaker reportedly will idle an EAF melt shop in Pennsylvania and a basic oxygen furnace complex in Illinois.
Steelmaker Cleveland-Cliffs Inc. (NYSE: CLF) says it will indefinitely idle three steel plants — two in Pennsylvania ... insufficient demand and pricing for the products the affected facilities ...
STEELTON, Pa. (WHTM) – The Cleveland-Cliffs Inc. plant in Steelton will be closing, according to LaRue Hess, president of Steelworkers Union Local 1688. A company spokesperson confirmed plans to ...
Cleveland-Cliffs (NYSE:CLF) said it is fully or partially idling six facilities between March and May, which it expects to drive more than $300M in annual savings, not including additional savings ...