25
Apr
20:26
Cleveland-Cliffs identifies advantages in earnings call
US-based steel manufacturer Cleveland-Cliffs recently reported a Q1 loss of $42 million on sales of $5.3 billion. The company explains that the majority of its annual profits aren’t reflected in the quarter, learns Kallanish.
“Q1's selling price of $1,128/net ton came in ahead of expectations due to higher tonnage and higher value-added mix in automotive. A little more than half of our sales are index-linked, with lags generally varying from 1-3 mo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous