15
Jun
17:13
Cleveland-Cliffs raises second-quarter guidance
US steel and iron ore producer Cleveland-Cliffs has bumped its earnings guidance for the second quarter and 2021 as a whole, Kallanish learns from a company statement.
Cleveland now expects earnings before interest, taxes, depreciation and amortisation to reach $1.3 billion in Q2, with full-year adjusted earnings to be about $5 billion.
The earnings are based on an expected hot-rolled price of $1,175 for the balance of the year.
Cleveland will …
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Anonymous
Very good overview of the weekly steel market.
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