Cost containment continues at Cleveland-Cliffs Inc. (NYSE: CLF), which announced it will no longer pursue development of a transformer plant in Weirton, West Virginia. Cliffs said late Wednesday, May ...

The moves mean nearly 1,000 people will lose their jobs. Executives say they’ve been asked about selling assets that could ...

A Steelton rail facility is among six Cleveland-Cliffs plants that will be partially or fully idled in a cost-cutting move.

As the news of Cleveland-Cliffs' plans to cancel the transformer plant in Weirton made its way across the country, including to the nation’s capital, elected officials from West Virginia are ...

The facility was a longtime steel producer before being converted into a tinplate production plant. Last February, Cleveland-Cliffs announced ... Panhandle of West Virginia has forged the steel ...

In an earnings call today, company officials elaborated on their reasoning, saying abandonment of the project would result in ...

It says the idlings will result in $300 million a year in savings without impacting flat-rolled steel output. It says the ...

West Virginia, that was expected to start production in 2026 and create 600 jobs. The plant had been idled temporarily in February 2024. Cleveland-Cliffs also announced other operational changes ...

The future of the proposed transformer manufacturing facility in Weirton is facing uncertainty after union leaders learned that the project is facing major ...

Cleveland-Cliffs reported a larger than expected Q1 adjusted loss and an 11% Y/Y decline in revenues to $4.63B, and announced ...