Cleveland-Cliffs announced more lay offs this week and reported a $483 million loss for the first quarter of 2025.

Cleveland-Cliffs is idling plants and reducing spending after the steelmaker posted a wider-than-expected quarterly loss.

A Steelton rail facility is among six Cleveland-Cliffs plants that will be partially or fully idled in a cost-cutting move.

Cleveland Cliffs reported surprisingly weak first-quarter numbers, and announced it was idling some plants to reduce losses.

Cleveland-Cliffs stock is trading lower Thursday after the company reported first-quarter earnings on Wednesday after the ...