22
Dec
15:08
Cleveland-Cliffs increases rates in fixed-price contracts
Cleveland-Cliffs confirmed that in recent negotiations a large portion of its fixed-price contracts are set to higher prices for 2023, Kallanish learns. The annual fixed prices are independent of its spot price increases announced in November and December.
Cleveland-Cliffs expects an average selling price of $1,400/short ton from direct carbon steel automotive customers. This is up from $1,300/st in 2022. It anticipates higher sales volumes and mixes of…
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Anonymous
Very good overview of the weekly steel market.
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