Cleveland-Cliffs to idle parts of Dearborn steel plant on weak auto demand (CLF:NYSE)

Cleveland-Cliffs to idle parts of Dearborn steel plant on weak auto demand (CLF:NYSE)


Cleveland-Cliffs to idle parts of Dearborn steel plant on weak auto demand (CLF:NYSE)

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Cleveland-Cliffs (NYSE:CLF) +2% in Tuesday’s trading after saying it will temporarily idle some operations at its Dearborn, Michigan, steel plant, laying off ~600 employees, citing weak demand in the U.S. automotive industry.

The company said it will idle the blast



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