Cleveland-Cliffs Inc. (CLF) recently said that it remains entirely committed to the transformational project taking place at its Middletown Works integrated facility in Middletown, OH. CLF was selected for award negotiations for up to $500 million in total funding from the Department of Energy to replace its Middletown blast furnace with a Direct Reduced Iron plant and two Electric Melting Furnaces. It is still in active negotiations with the Department of Energy about the award-specific terms and condition ...

In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.  But you know the saying about the best-laid plans? Any economic benefits to tariffs for U.S. companies require playing a long game in a world where the time between election cycles (and policy changes) is breathtakingly short.  However, there was some evidence that the tariffs imposed on Chinese st ...

In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.  But you know the saying about the best-laid plans? Any economic benefits to tariffs for U.S. companies require playing a long game in a world where the time between election cycles (and policy changes) is breathtakingly short.  However, there was some evidence that the tariffs imposed on Chinese st ...

Whenever investors think of how to get exposure to a stock’s direction, they typically only think of buying or selling a stock. However, professionals tend to delve a bit deeper into their views through the use of stock options. These options give traders the advantage of leverage to bet on a stock’s move. However, this benefit does come at a cost.Options have an expiration date, which means if the trader gets either the timing or the direction of the stock wrong, then he stands to lose most—if not all—of w ...

It has been about a month since the last earnings report for Cleveland-Cliffs (CLF) . Shares have lost about 21.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Cleveland-Cliffs due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Cleveland-Cliffs’ Q2 Earnings Top ...

Cleveland-Cliffs Inc. (CLF) has stated that its employees, represented by the United Auto Workers ("UAW") Local 600, approved a four-year labor deal for its Dearborn Works operations. The new deal is in effect until Jul 31, 2028, and will cover about 1,000 UAW-represented workers at Dearborn.This equitable agreement at Dearborn is an example of the company's strong commitment to a collaborative relationship that benefits both employees and CLF as a whole. The company has strengthened its partnership with th ...

文章核心观点 - 钢铁行业目前面临严峻挑战,中国钢铁巨头发出行业危机警告,铁矿石价格大幅下跌[4][5][6][7][9][11] - 中国钢铁产量大幅下降,需求疲软导致利润大幅下滑,行业陷入危机[9][10][12] - 全球钢铁行业受到中国经济转型和制造业衰退的周期性影响,前景不太乐观[16] 公司概况 - 克利夫兰-克里夫斯是美国第二大钢铁生产商,近年来通过并购实现快速扩张[17][20] - 公司最近宣布以25亿美元收购加拿大钢铁企业Stelco,这是一笔非常优质的资产并购[20] - 收购Stelco后,公司的年产钢能力将进一步提升,缩小与同行Nucor的差距[23][25] - 公司正在进一步拓展高毛利业务,如电力变压器制造,以提高抗周期性[27][30][32] 公司应对措施 - 公司正在大幅降低成本,包括减少煤炭和铁矿石成本,提高整体盈利能力[38] - 公司积极减少债务,同时大幅回购股票,提高股东回报[39][40][42][43][44] - 尽管短期内面临周期性下行压力,但公司的长期价值仍被低估,具有较大上涨潜力[45][46][47]

Cleveland-Cliffs Inc. (CLF) shares have lost 19.6% in the past month, underperforming the Zacks Mining – Miscellaneous industry’s decline of 7.5%. The bearishness is partly due to the underlying challenges in the steel industry as reflected by the significant retreat in U.S. steel prices driven by a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simple moving average (SM ...

公司融资与收购 - 克利夫兰-克利夫斯公司(CLF)宣布增发6亿美元的高级担保债券，到期日为2032年，年利率为7%，发行价格为面值的99.25%。这些债券由公司的主要直接和间接全资国内子公司提供担保，某些子公司除外[1] - 此次增发旨在减少公司为先前宣布的收购Stelco所需的资本筹集。预计此次债券发行将于2024年8月16日完成，前提是满足惯例的成交条件，预计完成后公司的流动性将达到约43亿美元[2] - 公司计划将此次发行的净收益用于支付收购Stelco的部分现金对价，该收购预计将于2024年第四季度完成，前提是满足或豁免适用的条件。在完成Stelco收购之前，公司打算将收益用于全额偿还其资产支持贷款设施下的未偿余额和手头现金[3] 财务表现 - 公司报告2024年第二季度调整后每股收益为11美分，较去年同期的69美分大幅下降。这一结果超过了Zacks共识预期，后者为盈亏平衡。收入下降14.9%至50.92亿美元，未达到Zacks共识预期的51.999亿美元[4] - 公司还修订了2024年的资本支出预测，从先前预期的6.75亿至7.25亿美元下调至6.5亿至7亿美元。此外，公司正按计划实现其目标，即在2024年同比降低每吨钢材成本约30美元[5] 股票表现 - 过去一年中，CLF的股价下跌了16.3%，而其所在行业的涨幅为0.8%[3]

Cleveland-Cliffs (CLF) reported $5.09 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 14.9%. EPS of $0.11 for the same period compares to $0.69 a year ago. ...