EXHIBIT 99.1 NEWS RELEASE Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program During the first quarter of 2024, the Company repurchased 30.4 million CLF common shares, fully utilizing the remaining balance of $608 million under the previously authorized $1 billion share repurchase program. The average stock purchase price for the entire program was $18.79 per share. Following the completion of the program, the Cliffs Board of Directors has authorized a ...

Things seemed to be slowing down after interest rates were raised eleven times in the previous 18 months, but according to the most recent data, the inflation rate for the last 12 months as of March is 3.5%, which has many people searching for steel stocks to sell from their portfolio.The logic is straightforward. Steel stocks are closely linked to the overall economy and are part of a very cyclical sector. Because markets were anticipating at least three rate decreases in 2024, the first quarter was favora ...

In its upcoming report, Cleveland-Cliffs (CLF) is predicted by Wall Street analysts to post quarterly earnings of $0.24 per share, reflecting an increase of 318.2% compared to the same period last year. Revenues are forecasted to be $5.31 billion, representing a year-over-year increase of 0.2%.The consensus EPS estimate for the quarter has been revised 10.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimat ...

Cleveland-Cliffs Inc. (CLF) is slated to release first-quarter 2024 results after the closing bell on Apr 22.The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters, while posted in-line result once. It has a trailing four-quarter earnings surprise of roughly 24.7%, on average. Cleveland-Cliffs is likely to have gained from healthy overall volumes, higher selling prices and lower steelmaking unit costs in the first quarter.The stock has gained 22.4% in a year’s time com ...

The market expects Cleveland-Cliffs (CLF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2024, might help the stock move higher if these key numbers a ...

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $22.30, reflecting a +1.78% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.95% for the day. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq lost 0.84%.Shares of the mining company have appreciated by 7.03% over the course of the past month, outperforming the Basic Materials sector's gain of 4.98% and the S&P 500's gain of 1.78%.The investment community will b ...

Japan’s Prime Minister Fumio Kishida's visit to the United States has sparked discussions on bolstering military alliances and joint ventures in defense equipment. Amid these talks also looms the shadow of economic transactions, particularly the proposed acquisition of American industrial giant U.S. Steel (X) by Japan-based Nippon Steel, which has ignited concerns regarding national security and industry consolidation.Last month, U.S. President Joe Biden expressed his opposition to the deal. It’s not certai ...

In the latest market close, Cleveland-Cliffs (CLF) reached $22.42, with a -1.8% movement compared to the previous day. This move lagged the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.36%, and the tech-heavy Nasdaq lost 1.4%.Heading into today, shares of the mining company had gained 13.64% over the past month, outpacing the Basic Materials sector's gain of 7.94% and the S&P 500's gain of 1.61% in that time.Investors will be eagerly watching for the performance of Cleveland-Cliffs in its ...

The latest trading session saw Cleveland-Cliffs (CLF) ending at $21.20, denoting a +1.15% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 1.25%.The mining company's stock has climbed by 7.05% in the past month, exceeding the Basic Materials sector's gain of 4.26% and the S&P 500's gain of 3.56%.The investment community will be closely monitoring the performance of Cleveland-Cliffs in its fo ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”). On March 18, 2024, the Company purchased $639,737,000 in principal amount of the Notes that were validly tendered and not validly withd ...