Cleveland-Cliffs Inc.: Ramping Up Automotive Sector Engagement To Catalyze Top-Line Growth! 

Cleveland-Cliffs Inc.’s earnings for the fourth quarter and full year 2024 highlighted several critical facets of the company’s recent performance and its outlook. The call began with the acknowledgment of substantial challenges faced during 2024, primarily driven by weak demand from key sectors, including automotive and construction, which resulted in the idling of the C6 blast furnace at the Cleveland Works plant. The impact of persistently high interest rates and ongoing trade distortions due to overproduction and unfair competition from foreign steel producers also played a significant role in shaping Cleveland-Cliffs’ challenging year.