NYSE:CLFMetals and Mining
How Cleveland-Cliffs’ Cost Reductions and Narrower Loss Will Impact CLF Investors
In the past week, Cleveland-Cliffs reported a second-quarter adjusted loss that was narrower than expected and surpassed revenue estimates, even as overall revenues declined from the previous year; the company also lowered full-year 2025 capital expenditures and SG&A, and aims to cut steel unit costs.
An interesting aspect is Cleveland-Cliffs' revised guidance, which reflects its focus on operational efficiency and its unique position as the last major integrated American steel producer amid...