22
Apr
20:26
Cleveland-Cliffs sees strong earnings in Q1
US flat rolled steel producer and iron ore pellet manufacturer Cleveland-Cliffs continued its strong performance into the first quarter of 2022, Kallanish learns.
Cleveland-Cliffs earned $814 million on sales of $5.96 billion in the first quarter of the year, which is up from earnings totalling $41m on sales of $4.04 billion in the same period of last year. However, earnings are down sequentially from earnings of $898m on sales of $5.35 billion in the fourth quart…
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Anonymous
Very good overview of the weekly steel market.
Anonymous