TMST - TimkenSteel CEO Sells Shares; Cleveland-Cliffs Nucor Unveil Q4 And Full-Year 2023 Results | Benzinga
Top Stories for Jan. 30, 2024:
1. President and CEO of TimkenSteel Corporation (NYSE: TMST), Michael Williams, sold 9,500 shares on Jan. 29 at an average price of $21.02 for roughly $199,725.
2. Cleveland-Cliffs Inc. (NYSE: CLF) announced fourth-quarter and full-year 2023 results.
For the fourth quarter, the company reported revenue of $5.1 billion, a net loss of $139 million ($0.31 per share), and $487 million in free cash flow.
For 2023, Cleveland-Cliffs reported revenue of $22 billion, net income of $450 million ($0.78 per share), $1.6 billion in free cash flow and record steel shipments of 16.4 million net tons.
Chairman, President, and CEO Lourenco Goncalves said, "2023 was another great year for Cleveland-Cliffs, in which we accomplished several goals in commercial, operations, finance and human resources. Steel demand remained healthy throughout the ...