KOORUI G Series Combo – G2411P and G2741L – Makes a Strong Prime Day Debut with Budget Gaming Appeal
On the first day of Prime Day, the KOORUI's latest G Series monitors made a powerful market debut. G2411P quickly surged into the Top 10 best-selling monitors on Amazon US, while the combined search volume and conversion rate for both models saw a significant week-over-week increase. Early adopters hailed the monitors as 'the best value-for-performance,' reinforcing KOORUI's unique positioning in the competitive gaming display landscape.*KOORUI's latest G Series monitors
Rather than chasing specs alone, KOORUI's strategy emphasizes real user experience. With seamless dual-screen setups and optimized desk aesthetics, both G2411P and G2741L are designed to support beginner and intermediate gamers alike. By making high-performance gaming more accessible, KOORUI continues to champion the democratization of esports technology.
'We want to empower more users to step into the gaming world without compromising their experience,' said a KOORUI marketing representative Mr. Hunter.
Behind the brand is a story of passion and purpose. KOORUI was founded on a simple belief: that intelligent technology should enhance everyday life. The team, made up of researchers, designers, quality engineers, and support professionals, is united by a common mission—to make smart, high-quality products affordable for everyone.
KOORUI's product lineup ranges from entry-level 75Hz monitors to high-end 200Hz+ displays. With options spanning IPS, VA panels, and OLED, paired, curved screens, and eco-conscious designs, the brand ensures users at all levels find their perfect match.
The strong performance of the G Series on Prime Day underscores KOORUI's commitment to delivering thoughtful design and reliable quality at scale. As its global footprint widens, KOORUI is increasingly seen not as an entry-level option, but as a smart, experience-first choice for today's gamers and professionals.
About KOORUI
Powered by HKC's semiconductor display expertise, KOORUI blends innovative panel manufacturing with human-centered product design. Its monitor lineup empowers creators, gamers, and professionals around the globe with reliable, high-performance visual solutions.
Press Contact:KOORUI PR TeamEmail: hkcprcontact@szhk.com.cn Website: https://www.koorui.net/ https://www.hkcglobal.net/
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/27d88ae1-c4e2-4359-bbc9-bb2902f088ae
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We expect this trend to continue, promoting the resurgence of the American automotive industry supported by a thriving domestic steel industry." Mr. Goncalves concluded: "Going forward, foreign competitors need to acquire steel capacity within the United States if they want to participate in this desirable market. As a publicly traded America-based company centered on automotive, electrical steels, stainless and plate, Cleveland-Cliffs' assets, business and footprint are uniquely positioned to benefit from this new reality." Steelmaking Segment Results Three Months EndedJune 30, Six Months EndedJune 30, Three MonthsEnded 2025 2024 2025 2024 Mar. 31, 2025 External Sales Volumes - In Thousands Steel Products (net tons) 4,290 3,989 8,430 7,929 4,140 Selling Price - Per Net Ton Average net selling price per net ton of steel products $ 1,015 $ 1,125 $ 998 $ 1,150 $ 980 Operating Results - In Millions Revenues $ 4,771 $ 4,915 $ 9,238 $ 9,942 $ 4,467 Cost of goods sold (4,996 ) (4,770 ) (9,863 ) (9,527 ) (4,867 ) Gross margin $ (225 ) $ 145 $ (625 ) $ 415 $ (400 ) Second-quarter 2025 steel product sales volumes of 4.3 million net tons consisted of 40% hot-rolled, 27% coated, 15% cold-rolled, 5% plate, 3% stainless and electrical, and 10% other, including slabs and rail. 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Outlook The Company updated previously guided expectations for the full-year 2025, as follows: Capital expenditures of approximately $600 million, from its previous expectation of $625 million Selling, general and administrative expenses of approximately $575 million, from its previous expectation of approximately $600 million Steel unit cost reductions maintained at a reduction of approximately $50 per net ton compared to 2024 Depreciation, depletion and amortization of approximately $1.2 billion, from its previous expectation of approximately $1.1 billion, primarily due to accelerated depreciation from idled facilities Cash Pension and OPEB payments and contributions maintained at approximately $150 million Cleveland-Cliffs Inc. will host a conference call this morning, July 21, 2025, at 8:30 a.m. ET. The call will be broadcast live and archived on Cliffs' website: About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 30,000 people across its operations in the United States and Canada. Forward-Looking Statements This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: continued volatility of steel, scrap metal and iron ore market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity and production, prevalence of steel imports, reduced market demand and oversupply of iron ore; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges of one or more of our major customers, key suppliers or contractors, which, among other adverse effects, could disrupt our operations or lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; risks related to U.S. government actions and other countries' reactions with respect to Section 232 of the Trade Expansion Act of 1962 (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and changing governmental regulation, including actual and potential environmental regulations relating to climate change and carbon emissions, and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements, and reclamation and remediation obligations; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit our financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business, or to repurchase our common shares; our ability to reduce our indebtedness or return capital to shareholders within the currently expected timeframes or at all; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws; challenges to successfully implementing our business strategy to achieve operating results in line with our guidance; the outcome of, and costs incurred in connection with, lawsuits, claims, arbitrations or governmental proceedings relating to commercial and business disputes, antitrust claims, environmental matters, government investigations, occupational or personal injury claims, property-related matters, labor and employment matters, or suits involving legacy operations and other matters; supply chain disruptions or changes in the cost, quality or availability of energy sources, including electricity, natural gas and diesel fuel, critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap metal, chrome, zinc, other alloys, coke and metallurgical coal, and critical manufacturing equipment and spare parts; problems or disruptions associated with transporting products to our customers, moving manufacturing inputs or products internally among our facilities, or suppliers transporting raw materials to us; the risk that the cost or time to implement a strategic or sustaining capital project may prove to be greater than originally anticipated; our ability to consummate any public or private acquisition or divestiture transactions and to realize any or all of the anticipated benefits or estimated future synergies, as well as to successfully integrate any acquired businesses into our existing businesses; uncertainties associated with natural or human-caused disasters, adverse weather conditions, unanticipated geological conditions, critical equipment failures, infectious disease outbreaks, tailings dam failures and other unexpected events; cybersecurity incidents relating to, disruptions in, or failures of, information technology systems that are managed by us or third parties that host or have access to our data or systems, including the loss, theft or corruption of our or third parties' sensitive or essential business or personal information and the inability to access or control systems; liabilities and costs arising in connection with any business decisions to temporarily or indefinitely idle or permanently close an operating facility or mine, which could adversely impact the carrying value of associated assets, trigger contractual liabilities or termination costs, and give rise to impairment charges or closure and reclamation obligations, as well as uncertainties associated with restarting any previously idled operating facility or mine; our ability to realize the anticipated synergies or other expected benefits of the acquisition of Stelco, as well as the impact of additional liabilities and obligations incurred in connection with the Stelco acquisition; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; uncertainties associated with our ability to meet customers' and suppliers' decarbonization goals and reduce our greenhouse gas emissions in alignment with our own announced targets; challenges to maintaining our social license to operate with our stakeholders, including the impacts of our operations on local communities, reputational impacts of operating in a carbon-intensive industry that produces greenhouse gas emissions, and our ability to foster a consistent operational and safety track record; our actual economic mineral reserves or reductions in current mineral reserve estimates, and any title defect or loss of any lease, license, option, easement or other possessory interest for any mining property; our ability to maintain satisfactory labor relations with unions and employees; unanticipated or higher costs associated with pension and other post-employment benefit obligations resulting from changes in the value of plan assets or contribution increases required for unfunded obligations; uncertain availability or cost of skilled workers to fill critical operational positions and potential labor shortages caused by experienced employee attrition or otherwise, as well as our ability to attract, hire, develop and retain key personnel; and potential significant deficiencies or material weaknesses in our internal control over financial reporting. For additional factors affecting the business of Cliffs, refer to Part I, Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the U.S. Securities and Exchange Commission. FINANCIAL TABLES FOLLOW CLEVELAND-CLIFFS INC. AND SUBSIDIARIES STATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED OPERATIONS Three Months EndedJune 30, Six Months EndedJune 30, Three Months Ended (In millions, except per share amounts) 2025 2024 2025 2024 Mar. 31, 2025 Revenues $ 4,934 $ 5,092 $ 9,563 $ 10,291 $ 4,629 Operating costs: Cost of goods sold (5,143 ) (4,930 ) (10,163 ) (9,844 ) (5,020 ) Selling, general and administrative expenses (137 ) (103 ) (270 ) (235 ) (133 ) Restructuring and other charges (86 ) (25 ) (89 ) (129 ) (3 ) Asset impairment (39 ) (15 ) (39 ) (79 ) — Miscellaneous – net (27 ) (13 ) (38 ) (36 ) (11 ) Total operating costs (5,432 ) (5,086 ) (10,599 ) (10,323 ) (5,167 ) Operating income (loss) (498 ) 6 (1,036 ) (32 ) (538 ) Other income (expense): Interest expense, net (149 ) (69 ) (289 ) (133 ) (140 ) Loss on extinguishment of debt — (6 ) — (27 ) — Net periodic benefit credits other than service cost component 43 62 100 122 57 Other non-operating income (expense) (14 ) 1 (23 ) 3 (9 ) Total other expense (120 ) (12 ) (212 ) (35 ) (92 ) Loss before income taxes (618 ) (6 ) (1,248 ) (67 ) (630 ) Income tax benefit 148 15 295 23 147 Net income (loss) (470 ) 9 (953 ) (44 ) (483 ) Net income attributable to noncontrolling interests (13 ) (7 ) (25 ) (21 ) (12 ) Net income (loss) attributable to Cliffs shareholders $ (483 ) $ 2 $ (978 ) $ (65 ) $ (495 ) Earnings (loss) per common share attributable to Cliffs shareholders: Basic $ (0.97 ) $ 0.00 $ (1.97 ) $ (0.13 ) $ (1.00 ) Diluted $ (0.97 ) $ 0.00 $ (1.97 ) $ (0.13 ) $ (1.00 ) CLEVELAND-CLIFFS INC. AND SUBSIDIARIES STATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED FINANCIAL POSITION (In millions) June 30, 2025 December 31,2024 ASSETS Current assets: Cash and cash equivalents $ 61 $ 54 Accounts receivable, net 1,783 1,576 Inventories 4,699 5,094 Other current assets 144 183 Total current assets 6,687 6,907 Non-current assets: Property, plant and equipment, net 9,620 9,942 Goodwill 1,814 1,768 Intangible assets 1,185 1,170 Pension and OPEB assets 453 427 Other non-current assets 712 733 TOTAL ASSETS $ 20,471 $ 20,947 LIABILITIES Current liabilities: Accounts payable $ 1,947 $ 2,008 Accrued employment costs 521 447 Accrued expenses 348 375 Other current liabilities 461 492 Total current liabilities 3,277 3,322 Non-current liabilities: Long-term debt 7,727 7,065 Pension and OPEB liabilities 693 751 Deferred income taxes 612 858 Asset retirement and environmental obligations 613 601 Other non-current liabilities 1,507 1,453 TOTAL LIABILITIES 14,429 14,050 TOTAL EQUITY 6,042 6,897 TOTAL LIABILITIES AND EQUITY $ 20,471 $ 20,947 CLEVELAND-CLIFFS INC. AND SUBSIDIARIES STATEMENTS OF UNAUDITED CONDENSED CONSOLIDATED CASH FLOWS Three Months EndedJune 30, Six Months EndedJune 30, (In millions) 2025 2024 2025 2024 OPERATING ACTIVITIES Net income (loss) $ (470 ) $ 9 $ (953 ) $ (44 ) Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: Depreciation, depletion and amortization 393 228 675 458 Pension and OPEB credits (34 ) (53 ) (82 ) (104 ) Deferred income taxes (150 ) (13 ) (301 ) (21 ) Restructuring and other charges 86 25 89 129 Asset impairments 39 15 39 79 Other 1 22 63 95 Changes in operating assets and liabilities: Accounts receivable, net 24 94 (199 ) 67 Inventories 214 235 ... 396 227 Income taxes 3 (11 ) 10 (12 ) Pension and OPEB payments and contributions (30 ) (30 ) (73 ) (62 ) Payables, accrued employment and accrued expenses (60 ) (6 ) (3 ) (176 ) Other, net 29 4 33 25 Net cash provided (used) by operating activities 45 519 (306 ) 661 INVESTING ACTIVITIES Purchase of property, plant and equipment (112 ) (157 ) (264 ) (339 ) Other investing activities 1 5 8 8 Net cash used by investing activities (111 ) (152 ) (256 ) (331 ) FINANCING ACTIVITIES Proceeds from issuance of senior notes — — 850 825 Repayments of senior notes — (193 ) — (845 ) Repurchase of common shares — (124 ) — (733 ) Borrowings (repayments) under credit facilities, net 122 28 (183 ) 370 Debt issuance costs (1 ) — (14 ) (13 ) Other financing activities (53 ) 2 (86 ) (22 ) Net cash provided (used) by financing activities 68 (287 ) 567 (418 ) Net increase (decrease) in cash and cash equivalents 2 80 5 (88 ) Cash, cash equivalents, and restricted cash at beginning of period 63 30 60 198 Effect of exchange rate changes on cash 3 — 3 — Cash, cash equivalents, and restricted cash at end of period 68 110 68 110 Restricted cash (7 ) $ — (7 ) $ — Cash and cash equivalents at end of period $ 61 $ 110 $ 61 $ 110 1 CLEVELAND-CLIFFS INC. AND SUBSIDIARIESADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE RECONCILIATION In addition to the consolidated financial statements presented in accordance with U.S. GAAP, the Company has presented adjusted net income (loss) attributable to Cliffs shareholders and adjusted earnings (loss) per common share attributable to Cliffs shareholders - diluted. These measures are used by management, investors, lenders and other external users of our financial statements to assess our operating performance and to compare operating performance to other companies in the steel industry, showing results exclusive of certain non-recurring and/or non-cash items. The presentation of these measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. The presentation of these measures may be different from non-GAAP financial measures used by other companies. A reconciliation of these consolidated measures to their most directly comparable GAAP measures is provided in the table below. Three Months EndedJune 30, Six Months EndedJune 30, Three MonthsEnded (In millions) 2025 2024 2025 2024 Mar. 31, 2025 Net income (loss) attributable to Cliffs shareholders $ (483 ) $ 2 $ (978 ) $ (65 ) $ (495 ) Adjustments: Idled facilities chargesA (323 ) (40 ) (367 ) (217 ) (44 ) Changes in fair value of derivatives, net (15 ) — (24 ) — (9 ) Currency exchange 48 — 46 — (2 ) Loss on extinguishment of debt — (6 ) — (27 ) — Severance (19 ) (1 ) (20 ) (3 ) (1 ) Other, net (3 ) — 1 (2 ) 4 Income tax effect 76 (1 ) 89 47 13 Adjusted net income (loss) attributable to Cliffs shareholders $ (247 ) $ 50 $ (703 ) $ 137 $ (456 ) Earnings (loss) per common share attributable to Cliffs shareholders - diluted $ (0.97 ) $ 0.00 $ (1.97 ) $ (0.13 ) $ (1.00 ) Adjusted earnings (loss) per common share attributable to Cliffs shareholders - diluted $ (0.50 ) $ 0.11 $ (1.42 ) $ 0.28 $ (0.92 ) A Primarily includes asset impairments, accelerated depreciation, employee-related costs and asset retirement obligation charges 2 CLEVELAND-CLIFFS INC. AND SUBSIDIARIESNON-GAAP RECONCILIATION - EBITDA AND ADJUSTED EBITDA In addition to the consolidated financial statements presented in accordance with U.S. GAAP, the Company has presented EBITDA and Adjusted EBITDA on a consolidated basis. These measures are used by management, investors, lenders and other external users of our financial statements to assess our operating performance and to compare operating performance to other companies in the steel industry, showing results exclusive of certain non-recurring and/or non-cash items. The presentation of these measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. The presentation of these measures may be different from non-GAAP financial measures used by other companies. A reconciliation of these consolidated measures to their most directly comparable GAAP measures is provided in the table below. Three Months EndedJune 30, Six Months EndedJune 30, Three MonthsEnded (In millions) 2025 2024 2025 2024 Mar. 31, 2025 Net income (loss) $ (470 ) $ 9 $ (953 ) $ (44 ) $ (483 ) Less: Interest expense, net (149 ) (69 ) (289 ) (133 ) (140 ) Income tax benefit 148 15 295 23 147 Depreciation, depletion and amortization (393 ) (228 ) (675 ) (458 ) (282 ) Total EBITDA $ (76 ) $ 291 $ (284 ) $ 524 $ (208 ) Less: EBITDA from noncontrolling interests 20 15 38 36 18 Idled facilities charges (204 ) (40 ) (248 ) (217 ) (44 ) Changes in fair value of derivatives, net (15 ) — (24 ) — (9 ) Currency exchange 48 — 46 — (2 ) Loss on extinguishment of debt — (6 ) — (27 ) — Severance (19 ) (1 ) (20 ) (3 ) (1 ) Other, net (3 ) — 1 (2 ) 4 Total Adjusted EBITDA $ 97 $ 323 $ (77 ) $ 737 $ (174 ) EBITDA from noncontrolling interests includes the following: Net income attributable to noncontrolling interests $ 13 $ 7 $ 25 $ 21 $ 12 Depreciation, depletion and amortization 7 8 13 15 6 EBITDA from noncontrolling interests $ 20 $ 15 $ 38 $ 36 $ 18 View source version on Contacts MEDIA CONTACT: Patricia PersicoSenior Director, Corporate Communications(216) 694-5316 INVESTOR CONTACT: James KerrDirector, Investor Relations(216) 694-7719 Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
