Reported about 9 hours ago
Cleveland-Cliffs Inc. forecasts disappointing results for Q4 2024, with lower steel shipments and an EBITDA loss attributed to reduced demand in the North American automotive sector. Despite this, CEO Lourenco Goncalves expresses optimism for 2025, citing anticipated benefits from President Trump's tariffs on steel and suggesting these measures will enhance the company's performance in the long term.
Source: YAHOO