Cleveland Cliffs may not be financially prepared to buy anything. The steel mill reported a GAAP net loss of $708-million in 2024 compared to net income of $450-million in 2023. The company’s 2024 revenues were $19.2-billion compared to $22-billion in 2023. For 2024, adjusted EBITDA was $780-million, compared to $1.9-billion in 2023. The reduction was primarily driven…
