CVA Cliffs Natural Resources Inc.

Cleveland-Cliffs Commends the State of Ohio for Recognizing Essential Businesses and Operations Under its Stay at Home Order

Cleveland-Cliffs Inc. (NYSE: CLF) stated today that it commends Governor Dewine and his administration for their strong leadership and decisive action to implement the ‘stay at home or place of residence’ order for the preservation of public health across the State of Ohio in response to COVID-19.

Lourenco Goncalves, Chairman, President and Chief Executive Officer said, “I am pleased that this order recognizes the iron and steel industry as an essential business critical to the United States’ economy and national security. Our business is vital to our country’s economic stability, and the order ensures business continuity for Cleveland-Cliffs’ steel mills, our critical suppliers, and customers during this public health crisis.”

Mr. Goncalves added: “We have already implemented a mandatory work from home policy for those employees who can work remotely. We have also implemented a number of procedures across the Company’s iron ore mines and steel operations, including specific guidelines for social distancing and increased frequency of cleaning. I commend our entire workforce for their willingness to cooperate and proactively work to protect their teammates and their livelihood.”

About Cleveland-Cliffs Inc.

Founded in 1847, Cleveland-Cliffs is among the largest vertically integrated producers of differentiated iron ore and steel in North America. With an emphasis on non-commoditized products, Cliffs is uniquely positioned to supply both customized iron ore pellets and sophisticated steel solutions to a quality-focused customer base, with an industry-leading market share in the automotive industry. In 2020, Cliffs also expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region. A commitment to environmental sustainability is core to our business operations and extends to how we partner with stakeholders across our communities and the steel value chain. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 12,000 people across mining and steel manufacturing operations in the United States, Canada and Mexico. For more information, visit

EN
22/03/2020

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Reports on Cliffs Natural Resources Inc.

 PRESS RELEASE

Cleveland-Cliffs Announces “Buy American” Automotive Incentive Program...

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today announced a company-wide “Buy American” incentive for its nearly 30,000 employees. During the calendar year 2025, any Cleveland-Cliffs employee who purchases or leases a new American-built vehicle with substantial Cliffs’ steel content will receive a $1,000 cash bonus in connection with the purchase. Lourenco Goncalves, Cliffs’ Chairman, President and CEO said: “We are pleased to do our part to support President Trump’s long-term vision of bringing manufacturing back to the United States. In order to be a global superpower a...

 PRESS RELEASE

Cleveland-Cliffs Souper Bowl Food Drive Donates 415,000 Pounds of Non-...

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it held its fifth annual Souper Bowl Food Drive across 50 of its operations and offices to address food insecurity in the local communities where the Company operates. Cleveland-Cliffs’ employees collected an astounding 415,000 pounds of non-perishable food items during the one-week food drive held in February 2025. In conjunction with the food donations, Cleveland-Cliffs, The Cleveland-Cliffs Foundation and Stelco Holdings have also made cash contributions totaling $270,000 to support the selected 45 food dist...

 PRESS RELEASE

Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2024 Results

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2024. Full-Year Consolidated Results Full-year 2024 consolidated revenues were $19.2 billion, compared to the prior year's consolidated revenues of $22.0 billion. For the full-year 2024, the Company recorded a GAAP net loss of $708 million, or $1.57 per diluted share, with adjusted net loss2 of $351 million, or $0.73 per diluted share. This compares to 2023 net income of $450 million, or $0.78 per diluted share, with adjusted net income2 of ...

 PRESS RELEASE

Cleveland-Cliffs Inc. Announces Upsizing and Pricing of $850 Million o...

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has upsized and priced $850 million aggregate principal amount of Senior Guaranteed Notes due 2031 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 7.500% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by Cliffs’ material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. The Notes o...

 PRESS RELEASE

Cleveland-Cliffs Inc. Announces Proposed Offering of $750 Million of S...

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of Senior Guaranteed Notes due 2031 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by Cliffs’ material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. Cliffs intends to use the net proceeds from the No...

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