Current Climate: $6 Billion To Turn Heavy Industry Green [Forbes]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: Forbes
ndustries like steel, cement, chemicals and aluminum account for around one-quarter of the nation's greenhouse gas emissions. To help clean them up, the Biden Administration announced it would spend $6 billion on new technologies that could drastically cut these industrial emissions. The funding, from the Department of Energy, will go to 33 projects in 20 states. These projects run the gamut. Steel manufacturer Cleveland-Cliffs will get up to $500 million to replace a large coal-consuming blast furnace in Middletown, Ohio, with a hydrogen-ready direct reduced iron plant and two electric melting furnaces. Aluminum producer Constellium CSTM will get up to $75 million to install low-emissions furnaces that can run on hydrogen fuel at its Ravenswood, West Virginia, casting plant. And six cement producers, including Brimstone Materials, Summit Materials and Sublime Systems, will receive a total of $1.6 billion to build facilities that will use a variety of technologies to reduce CO2 emi
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CLF
News
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Norfolk Activist Wins Support From Glass Lewis for CEO Ouster [BNN Bloomberg (Canada)]BNN Bloomberg
- UPDATE 1-Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- CLF's page on the SEC website