Reported 1 day ago
Cleveland-Cliffs' Q4 2024 earnings call highlighted a challenging year due to weak steel demand, particularly from the automotive sector. CEO Lourenco Goncalves expressed optimism for 2025, citing improved order books and rising steel prices. The company supports the recently imposed tariffs on steel imports, viewing them as crucial for domestic manufacturing. Despite a financial loss in Q4, management is focused on cost optimization and plans to utilize cash flow for debt reduction, building a strong foundation for a potentially better year ahead.
Source: YAHOO