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Cleveland-Cliffs Swings to $708M Net Loss Amid 13% Revenue Drop and Stelco Acquisition

CLF10-KFiling Date: 2/25/2025
Cleveland-Cliffs Inc.
Description

What this story covers

Cleveland-Cliffs' 2024 10-K reveals a tough year with $19.2B revenues down 13%, $708M net loss from lower steel prices and volumes, offset by the $3.2B Stelco acquisition for diversification. Strong liquidity at $2.6B supports decarbonization projects targeting 30% emissions cut by 2035, amid risks from imports and debt.

Story snapshot

CompanyCleveland-Cliffs Inc.
TickerCLF
VariantStandard detailed
Duration12:21
Filing type10-K
PeriodAnnual 2024
IndustryIndustrials & Manufacturing
Accession0000764065-25-000058

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