Cleveland-Cliffs Reports $80 Million Energy Cost in Q1, Leading to Stock Drop

Cleveland-Cliffs (CLF) stock fell up to 11% after reporting an unexpected $80 million energy cost in Q1, attributed to extreme cold weather and higher fuel prices. The company also delayed a planned deal with POSCO Holdings (PKX) due to improved financial conditions and strong steel demand.

By Jake Conley · Breaking Business News Reporter Mon, April 20, 2026 at 7:40 PM GMT+3 1 min read · Yahoo Finance · April 20, 2026, 16:40 UTC

Tickers: $CLF $PKX

Topics: earnings report energy costs M&A delays stock price movement

Read the full article at Yahoo Finance

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