What to Expect from Cleveland-Cliffs’ 4Q17 Earnings



Upcoming 4Q17 results

Cleveland-Cliffs (CLF) will release its 4Q17 results on January 25, 2018, before the US market opens. It will have a conference call with analysts and investors on the same day at 10:00 AM.

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What to look for in the results

Cleveland-Cliffs’ 4Q17 results are important for investors for several reasons. For one, the company downgraded its volume guidance for 4Q17, so it will be interesting to see its outlook for 2018 and its updated volume guidance.

It will also be interesting to note CLF’s take on its Asia-Pacific division under the benign price scenario. During the earnings call, Cleveland-Cliffs’ management is expected to give an update about the HBI (hot-briquetted iron) plant and its arrangements to start the project. Cliffs’ management is also expected to address the Section 232 probe into steel imports and its expectations regarding the timing of the decision. This decision will have a direct impact on CLF and its US peers (XME) such as AK Steel (AKS), ArcelorMittal (MT), and Steel Dynamics (STLD).

Series preview

In this series, we’ll see what investors can expect from Cleveland-Cliffs’ (CLF) 4Q17 earnings report. We’ll look at the expectations for volumes and realized prices for the US and Asia-Pacific divisions. We’ll also discuss the earnings estimates for Cleveland-Cliffs.

Let’s start by looking at the expectations for CLF’s US volumes in the next part of this series.


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