Cleveland-Cliffs will also idle operations at two iron ore mines in Minnesota, resulting in 630 layoffs. "These actions will allow the company to operate more efficiently and in a more cost ...

CLEVELAND, April 08, 2025--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE ... The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron ...

The letter also cited "decreased domestic steel demand" in 2024 as contributing to the move due to an accumulation of excessive iron ore pellet inventory. Cleveland-Cliffs' stock has declined over ...

The steelmaker just laid off 630 employees at two iron ore mines in Minnesota's Iron Range. It has now laid off more than 1,200 steelworkers. Locally, Cleveland-Cliffs operates facilities in Burns ...

Cleveland-Cliffs shares rose 9% as markets reacted to tariffs implemented on all steel and aluminum imports by the Trump administration. Shares were trading around $9.84. The stock is down about ...