Cleveland-Cliffs Inc. and AK Steel Holding Corporation are pleased to announce that they have entered into a definitive merger agreement pursuant to which Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock. Lourenco Goncalves, Chairman of the Board, President and CEO of Cliffs, will lead the expanded organization. This press release features multimedia. View the full release here [...]
Cleveland-Cliffs Inc. today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. The regular cash dividend will be payable on January 15, 2020, to shareholders of record as of the close of business on January 3, 2020. About Cleveland-Cliffs Inc. Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independent iron ore mining company [...]
Cleveland-Cliffs Inc. today said it will be webcasting the fireside chat with Lourenco Goncalves at the Goldman Sachs Global Metals & Mining Conference in New York. The Company invites interested parties to listen to a live broadcast of the presentation. When: Wednesday, November 20, 2019, at 11:15 a.m. ET Presenter: Lourenco Goncalves, Chairman, President and Chief Executive Officer Web Address: www.clevelandcliffs.com [...]
Cleveland-Cliffs Inc. today reported third-quarter results for the period ended September 30, 2019. The Company reported consolidated revenues of $556 million, compared to the prior year's third-quarter consolidated revenues of $742 million. Cost of goods sold was $401 million compared to $480 million reported in the third quarter of 2018. The Company recorded net income of $91 million, or $0.33 per diluted share. This [...]
Cleveland-Cliffs Inc. announced that as of today, it has completed the erection of the 457-foot furnace reactor tower for its hot briquetted iron project in Toledo, OH. This represents a significant milestone in the construction process as the furnace tower was the key critical path item in facilitating the advanced start-up date for the commercial production of HBI. A photograph of the tower is included with this release [...]
Cleveland-Cliffs Inc. today said it will be announcing third-quarter 2019 financial results before the U.S.-market open on Wednesday, October 23, 2019. 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. When: Wednesday, October 23, 2019, at 9 a.m. ET Hosts: Lourenco Goncalves, Chairman, President and Chief [...]
Cleveland-Cliffs Inc. today said it will be webcasting its company update presentation by Lourenco Goncalves at the 32nd Annual Credit Suisse Basic Materials Conference next week. The Company invites interested parties to listen to a live broadcast of the presentation. When: September 10, 2019, at 10:00 a.m. ET Presenter: Lourenco Goncalves, Chairman, President and Chief Executive Officer Web Address [...]
Cleveland-Cliffs Inc. today announced that its Board of Directors declared a regular quarterly cash dividend on the Company's common shares of $0.06 per share. In addition to the regular dividend, the Board of Directors also declared a special cash dividend of $0.04 per share, for a total dividend distribution of $0.10 per share. Both the regular and special cash dividend will be payable on October 15, 2019, to [...]
Cleveland-Cliffs Inc. announced today that it has launched a new environmental section on its corporate website. The environmental section provides a comprehensive look at Cliffs’ progress and outcomes in key areas of its environmental performance and its contribution to clean steelmaking. Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President, and CEO said, "Cleveland-Cliffs’ iron ore pellets enable [...]
Cleveland-Cliffs Inc. today reported second-quarter results for the period ended June 30, 2019. The Company reported consolidated revenues of $743 million, a 4 percent increase compared to the prior year's second-quarter consolidated revenues of $714 million. Cost of goods sold was $480 million compared to $430 million reported in the second quarter of 2018. The Company recorded net income of $161 million, or $0.57 per [...]
Cleveland-Cliffs Inc. today said it will be announcing second-quarter 2019 financial results before the U.S.-market open on Friday, July 19, 2019. 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. When: Friday, July 19, 2019, at 9 a.m. ET Hosts: Lourenco Goncalves, Chairman, President and Chief Executive [...]
Cleveland-Cliffs Inc. announced today that it will host a ribbon cutting ceremony for its expansion at Northshore Mining in Silver Bay, Minnesota on August 7. The Company will be celebrating the startup of the new production equipment, including supporting infrastructure, which will be completed on schedule and within a total investment budget of $100 million. Cleveland-Cliffs invested in upgrading the concentrator [...]
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