Cl... (ID: 338596)"> Cl... (ID: 338596)"> Cl... (ID: 338596)">
Join us on April 23rd for our 2025 Global Metals & Minerals Project Spending Outlook! RSVP Today!
Sales & Support: +1 800 762 3361
Member Resources
Cleveland-Cliffs Upbeat About 2025 After Grim Year for Steel

February 4, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) closed off a brutal 2024 for the domestic steel industry with a glimmer of hope: President Trump's vow to hike tariffs on imports from Mexico, Canada and China, which could include stronger action on steel imports in particular. The company also anticipates growth from a series of improvements at a recently acquired subsidiary in Canada. Industrial Info is tracking more than US$3.6 billion worth of active and proposed projects across the U.S. and Canada from Cleveland-Cliffs, more than two-thirds of which is attributed to steel-manufacturing projects. "Other than the COVID-impacted 2020, 2024 was the worst year for domestic steel demand since 2010," said Lourenco Goncalves, the chief executive officer of Cleveland-Cliffs. Other companies featured: Stelco and Primobius GmbH

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)

IIR Logo Globe

Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.

×
×
Contact Us

For More Info!