Cleveland-Cliffs Reports Q4 2024 Earnings with Adjusted EBITDA Loss
Cleveland-Cliffs (CLF) reported a Q4 2024 adjusted EBITDA loss of $81 million, driven by weaker automotive demand and lagged pricing. The company saw a decline in shipments to 3.8 million tons and a drop in realized prices to $976 per net ton. Despite this, the company achieved cost reductions and improved liquidity.
Topics: cost reduction earnings financial performance pension liabilities Stelco acquisition