Steelmaker to lay off 600 employees at Michigan plant due to weak auto demand [FOX Business Network]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: FOX Business Network
Steelmaker Cleveland-Cliffs announced this week it will idle one of its production factories and lay off about 600 workers, citing soft demand for steel used in auto manufacturing. Cleveland-Cliffs said it will idle portions of its plant in Dearborn, Michigan, this summer and lay off roughly 600 employees due to what it said was "the current reality of weak automotive production in the U.S." The company plans to temporarily idle its blast furnace, basic oxygen furnace steel shop and continuous casting factories in Dearborn. Layoffs would take effect July 15. "These actions will allow the company to operate more efficiently and in a more cost-competitive way for the current market environment," Cleveland-Cliffs said in a statement. "We believe that once President Trump's policies take full effect and automotive production is re-shored, we should be able to resume steel production at Dearborn." Cleveland-Cliffs said by mid-July it expects its Cleveland Works C6 blast furnace to
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CLF
News
- Are Cleveland-Cliffs' (CLF) Auto Efficiency Gains Quietly Reshaping Its Core Steel Investment Story? [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs: Cautious Optimism With High Risk (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Stock Sees RS Rating Firms Up [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs (CLF): Evaluating Valuation After Recent 18% Pullback in Share Price [Yahoo! Finance]Yahoo! Finance
- Why Is Cleveland-Cliffs (CLF) Down 16.4% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 10/20/25 - Beat
CLF
Sec Filings
- 11/14/25 - Form 4
- 11/14/25 - Form 3
- 11/12/25 - Form 8-K
- CLF's page on the SEC website