Tag: $Cleverland-Cliffs

Steel maker Cleveland-Cliffs sees good times getting better next year, with help from tariffs.Cliffs on Monday reported third-quarter earnings before interest, taxes, depreciation, and amortization (Ebitda) of $612 million from sales of $5.6 billion.

Cleveland-Cliffs posted higher third-quarter revenue and said demand for U.S.-produced steel was rising due to the Trump administration’s tariffs.

The battle for U.S. Steel took a bizarre turn on Monday as jilted merger partner Cleveland-Cliffs held a press conference in Pennsylvania.

Cleveland-Cliffs Inc. reported disappointing third-quarter results on Monday, with earnings and revenue falling short of analyst expectations, sending shares down 4% in early trading

Deal expands Cliffs’ steelmaking footprint and doubles exposure to the flat-rolled spot market

United States Steel said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs
and was reviewing “strategic alternatives” after receiving several unsolicited offers.