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Cleveland-Cliffs Inc (CLF.N)

CLF.N on New York Stock Exchange

9.00USD
22 Jun 2018
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$0.40 (+4.65%)
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Latest Key Developments (Source: Significant Developments)

Cleveland-Cliffs Inc Q1 Revenue $239 Mln Vs $462 Mln
Friday, 20 Apr 2018 

April 20 (Reuters) - Cleveland-Cliffs Inc ::. REPORTS FIRST-QUARTER 2018 RESULTS.Q1 REVENUE $239 MILLION VERSUS $462 MILLION.Q1 REVENUE VIEW $182.1 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.29.FY 2018 U.S. IRON ORE CASH COST OF GOODS SOLD AND OPERATING EXPENSE EXPECTATION WAS MAINTAINED AT $58 - $63 PER LONG TON.SEES 2018 U.S. IRON ORE REVENUES FROM PRODUCT SALES AND SERVICES $ 102 - $107 PER LONG TON.U.S. IRON ORE PELLET SALES VOLUME IN Q1 2018 WAS 1.6 MILLION LONG TONS, DECREASE FROM Q1 2017 VOLUME OF 3.1 MILLION.Q1 ASIA PACIFIC IRON ORE SALES VOLUME DECREASED 46 PERCENT TO 1.7 MILLION METRIC TONS, FROM 3.0 MILLION METRIC TONS IN Q1 OF 2017.SEES 2018 U.S. IRON ORE SALES VOLUME 20.5 MILLION LONG TONS.SEES 2018 U.S. IRON ORE PRODUCTION VOLUME 20.0 MILLION LONG TONS.2018 SUSTAINING CAPITAL EXPECTATION OF $85 MILLION WAS MAINTAINED.Q1 EARNINGS PER SHARE VIEW $-0.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Cleveland-Cliffs Announces Pricing Of $400 Mln Of Senior Secured Notes Due 2024
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PRICING OF $400,000,000 OF SENIOR SECURED NOTES DUE 2024.CLEVELAND-CLIFFS - ‍SECURED NOTES WILL BEAR INTEREST AT AN ANNUAL RATE OF 4.875% AND WILL BE ISSUED AT A PRICE OF 99.347% OF THEIR PRINCIPAL AMOUNT​.  Full Article

Cleveland-Cliffs Announces Pricing Of $275 Mln Of Convertible Senior Notes Due 2025
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Cleveland-Cliffs Inc ::. ANNOUNCES PRICING OF $275,000,000 OF CONVERTIBLE SENIOR NOTES DUE 2025.CLEVELAND-CLIFFS -‍CONVERTIBLE NOTES WILL BEAR INTEREST RATE OF 1.5% PER YEAR.‍CONVERTIBLE NOTES WILL BE SENIOR UNSECURED OBLIGATIONS OF CLIFFS​.  Full Article

Cleveland-Cliffs Inc. Announces Proposed Offering Of $275,000,000 Of Convertible Senior Notes Due 2025
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PROPOSED OFFERING OF $275,000,000 OF CONVERTIBLE SENIOR NOTES DUE 2025.CLEVELAND-CLIFFS INC - TO USE PROCEEDS TO FINANCE A SUBSTANTIAL PORTION OF ITS HOT BRIQUETTED IRON CAPITAL PROJECT.  Full Article

Cleveland-Cliffs Inc. Announces Proposed Offering Of $400,000,000 Of Senior Secured Notes Due 2024
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PROPOSED OFFERING OF $400,000,000 OF SENIOR SECURED NOTES DUE 2024.CLEVELAND-CLIFFS INC - TO OFFER TO SELL $400.0 MILLION SENIOR SECURED NOTES DUE 2024.  Full Article

Cleveland-Cliffs Q3 earnings per share $0.18
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Cleveland-cliffs Inc :Cleveland-Cliffs Inc. reports third-quarter 2017 results.Q3 earnings per share $0.18.Q3 revenue $698 million versus I/B/E/S view $670.9 million.Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.Cleveland-Cliffs Inc - ‍U.S. iron ore pellet sales volume in Q3 was 5.9 million long tons, an 11 percent increase compared to Q3 of 2016​.Cleveland-Cliffs Inc - full year 2017 capital expenditures budget has been maintained at $115 million​.Cleveland-Cliffs - Q3 Asia Pacific iron ore sales volume decreased 20 percent to 2.2 million metric tons, from 2.8 million metric tons in Q3 of 2016​.Cleveland-Cliffs - for ‍U.S. iron ore Cliffs full-year sales and production volume expectations were each reduced by 500,000 tons to 18.5 million long tons​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects sales and production volumes of 20 million long tons for U.S. iron ore​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects Asia Pacific iron ore sales and production volumes of 11 million tons​.Cleveland-Cliffs - ‍Cliffs' FY 2017 Asia Pacific iron ore sales and production volume expectations each reduced by 500,000 metric tons.Cleveland-Cliffs Inc - qtrly ‍net income increased by 290 percent to $53 million, including $89 million in debt extinguishment charges​.  Full Article

Cliffs Natural Resources director Fisher reports open market purchase of 4,000 shares of co's common stock $5.66 per share
Friday, 4 Nov 2016 

Cliffs Natural Resources :Director Robert Fisher reports open market purchase of 4,000 shares of co's common stock on Nov 3 at $5.66 per share - sec filing.  Full Article

United Steelworkers ratify agreement with Cliffs Natural Resources
Thursday, 29 Sep 2016 

United Steelworkers (USW): Steelworkers ratify agreement with Cliffs Natural Resources . Union members have ratified a contract with Cliffs Natural Resources covering about 2,000 workers . Agreement is retroactive to Oct. 1, 2015 and will expire on Oct. 1, 2018 .Ratified contract with Cliffs Natural Resources covering workers who belong to four local unions at co's U.S. iron ore mines.  Full Article

Cliffs reaches tentative agreement with USW on new labor contract for Michigan, Minnesota mines
Friday, 26 Aug 2016 

Cliffs Natural Resources : Cliffs reaches tentative agreement with United Steelworkers on new labor contract for Michigan and Minnesota mining operations . Agreement is pending ratification by USW local union memberships .New contract will cover about 2,000 USW-represented workers at mines in Michigan and Minnesota.  Full Article

Cliffs Natural calls for full redemption of senior notes due January 2018
Wednesday, 17 Aug 2016 

Cliffs Natural Resources Inc : Calls for full redemption of senior notes due January 2018 . Aggregate principal amount outstanding of notes is about $284 million .Expects total payment to holders of notes to be about $301 million in aggregate, plus accrued and unpaid interest.  Full Article

BRIEF-Cleveland-Cliffs Inc Q1 Revenue $239 Mln Vs $462 Mln

* FY 2018 U.S. IRON ORE CASH COST OF GOODS SOLD AND OPERATING EXPENSE EXPECTATION WAS MAINTAINED AT $58 - $63 PER LONG TON