Cost ManagementCleveland-Cliffs is guiding for a significant reduction in costs, which could lead to a substantial $500 million improvement in EBITDA, highlighting efficient operations and potential profit growth.
Financial PerformanceCleveland-Cliffs reported strong financial performance with free cash flow exceeding expectations and reducing net debt below their $3 billion target, indicating robust financial health.
Stock BuybackCleveland-Cliffs has announced an aggressive $1.5 billion share buyback program, signaling confidence in the company’s future and a potential boost to shareholder value.