-

Cleveland-Cliffs’ New 3-Year Labor Contract with United Auto Workers Ratified at Rockport Works

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Auto Workers (UAW) Local 3044 have ratified a three-year labor contract for its Rockport Works operation. The new contract is effective from October 1, 2021 through September 30, 2024. The new contract will cover approximately 350 UAW-represented workers at Rockport.

Lourenco Goncalves, Chairman, President and CEO, stated, “Our union workforce is at the core of not just what we do but American manufacturing as a whole, and we are pleased to continue our commitment to good-paying middle class jobs with a new labor agreement at Rockport. Our local team at Rockport is committed to the long-term health and success of our Company, our country, and our environment, and as such, we were able to get a deal done that is fair and equitable for both sides.” Mr. Goncalves added, “We embrace our Unions as partners and allow for participation in our success. Our partnership is a powerful one, and with this latest deal, we will maintain our competitive cost structure in flat-rolled steel relative to any of our peers.”

About Cleveland-Cliffs Inc.

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. The Company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and is the largest supplier of steel to the automotive industry in North America. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada. For more information, visit www.clevelandcliffs.com.

Contacts

MEDIA CONTACT:
Patricia Persico
Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719

Industry:

Cleveland-Cliffs Inc.

NYSE:CLF
Details
Headquarters: Cleveland, Ohio
CEO: Lourenco Goncalves
Employees: 26,000
Organization: PUB
Revenues: 20.40 BILLION (2021)
Net Income: 3.0 BILLION (2021)
Release Versions
English

Contacts

MEDIA CONTACT:
Patricia Persico
Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719

More News From Cleveland-Cliffs Inc.

Cleveland‑Cliffs Announces Multi-Year Partnership with Palantir to Deploy AI Platform

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced it has entered a strategic partnership with Palantir Technologies to deploy advanced AI‑driven solutions across its footprint. The recently executed three‑year agreement puts Palantir’s best-in-class AI technology at the center of Cliffs’ key internal processes in operations and commercial. The partnership represents a significant step forward in Cleveland‑Cliffs’ ongoing effort to modernize its systems across its man...

Cleveland-Cliffs Reports First-Quarter 2026 Results

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2026. First-Quarter Consolidated Results Steel shipments of 4.1 million net tons, a 338,000 increase from the prior quarter Revenues of $4.9 billion, a $600 million increase from the prior quarter GAAP net loss of $229 million, or $0.42 per diluted share Adjusted EBITDA2 of $95 million, inclusive of an $80 million one‑time energy cost impact driven by extreme cold we...

Cleveland-Cliffs to Announce First-Quarter 2026 Earnings Results and Host Conference Call on April 20

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce first-quarter 2026 earnings results before the U.S. market open on Monday, April 20, 2026. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on the same morning, April 20, 2026, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that add...
Back to Newsroom