Browsing Tag
Lourenco Goncalves
5 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 (NYSE: CLF) climbs 9% as Q3 EBITDA is set to double
Cleveland-Cliffs stock extended its rally as Q3 EBITDA is set to double. Can stronger steel pricing help CLF reduce its heavy debt?
Legal drama erupts over Biden’s move to block U.S. Steel-Nippon Steel deal
President Joe Biden’s decision to block the $14 billion merger between United States Steel Corporation and Japan’s Nippon…
Cleveland-Cliffs reveals $35/share offer to acquire U.S. Steel; Bid rejected despite 43% premium
Cleveland-Cliffs Inc. (NYSE: CLF) has publicized its previously undisclosed bid to acquire U.S. Steel Corporation (NYSE: X) at…