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Cleveland-Cliffs Job Fair at Middletown Works Find your future in steel! Cleveland-Cliffs, the largest flat-rolled steel producer in North America, is hiring at our Middletown Works operation in Middletown, OH. We have immediate openings for: • Operators • Maintenance • Technical Repair • Shift Managers • Engineers • Accountants We’re hosting a job fair at Middletown Works on Saturday, November 6 from 10:00 a.m. to 2:00 p.m. ET. Come speak with our representatives about the career paths available to you in the steel industry. Job interviews are available onsite – you can also upload your resume to our application database, or take online assessment tests. If you’ve never worked in the industry before, we have training and apprenticeship opportunities that could be a match for your skill set. More information about the event is located on our Careers site - click on the link below. We’ll see you there!
Cleveland-Cliffs Reports Q3-2021 Earnings “In a short period of less than two years, we went from $2 billion annual revenues in 2019 to expected revenues of $21 billion in 2021. Also, the $1.9 billion of Q3 adjusted EBITDA we have just reported is equivalent to half of our year-to-date adjusted EBITDA of $3.8 billion, showing that our profitability continues to increase, as we continue to implement our way of doing business, and take advantage of - and extract synergies from - our modern, efficient and unique footprint.” -- Lourenco Goncalves, Chairman, President & CEO Read more about Cleveland-Cliffs' Q3-2021 Earnings in our news release
Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition Cleveland-Cliffs Inc. announced that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market. FPT currently processes approximately three million tons of scrap per year, approximately half of which is prime grade.
Cleveland-Cliffs takes top honors at S&P Global Platts Metals awards Cleveland-Cliffs Inc. took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award.
We're pleased to announce the publication of our full Sustainability Report 2020. In response to feedback from our many stakeholders, this report was developed with reference to the widely-used Global Reporting Initiative’s (GRI) comprehensive sustainability reporting framework and Sustainability Accounting Standards Board (SASB) standards.
We are pleased to announce that Cleveland-Cliffs Inc. was named GM Supplier of the Year by General Motors for the fourth consecutive year. GM recognized its best suppliers from 16 countries for their performance in the 2020 calendar year. The annual awards highlight global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry.
Today, we published our Sustainability Report 2020 Executive Summary highlighting progress toward our achievement of sustainability goals and reaffirming our agenda to build a more sustainable steel company. Later in the second quarter, we will publish our full Sustainability Report 2020 consistent with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) guidance.
Cleveland-Cliffs CEO Lourenco Goncalves joined Jim Cramer on “Mad Money” to discuss a range of topics impacting the steelmaking industry, including infrastructure proposals being made in Washington.
“Q1 was just the first full quarter for Cleveland-Cliffs as a fully transformed business, and we have already accomplished a lot. This being said, and with all the operational and commercial actions we have been implementing, the best will come through during the balance of 2021." - Laurenco Goncalves, CEO
With the acquisition of ArcelorMittal USA, Cleveland-Cliffs is now part of a landmark public-private partnership with the National Fish and Wildlife Foundation. Congrats to the grant recipients whose projects will improve water quality, habitats and public green spaces!
