Browsing Tag
Cleveland-Cliffs Inc.
4 posts
Cleveland-Cliffs targets more than $4bn in 2027 EBITDA after Q3 steel earnings rebound
Cleveland-Cliffs has moved from quarterly losses to $612 million in adjusted EBITDA, and management now expects more than $4 billion in 2027. Stronger steel prices and new contracts are driving the outlook, but its credibility will depend on whether the earnings recovery produces substantial debt reduction.
Cleveland-Cliffs promised to protect Stelco jobs. Why is Canada now threatening enforcement over 500 workers?
Cleveland-Cliffs Inc. is facing escalating pressure from the Canadian government after Stelco began idling finishing operations at Hamilton Works, potentially affecting up to 500 employees. The dispute is unusually consequential because employment protections formed part of the binding commitments attached to Cleveland-Cliffs' 2024 acquisition of Stelco. What might otherwise have been an industrial restructuring has therefore become a test of how aggressively Canada will enforce foreign-investment promises when market conditions deteriorate.
Cleveland-Cliffs to raise $1bn through 75m-share offering to cut debt
Find out how Cleveland-Cliffs is raising $1 billion through a 75 million-share offering to cut debt and strengthen its balance sheet.
Why New Fortress Energy, Rocket Companies, and Avidity Biosciences are surging despite economic warnings
Find out which US stocks surged on April 2, 2025, and what rising tariffs and policy shifts mean for investors navigating today’s volatile market.