24
Jul
22:05
Cleveland-Cliffs ships 4.2m short tons in Q2
US-based steelmaker Cleveland-Cliffs has reported net income of $356 million on revenue of $6 billion in the second quarter. Kallanish notes that the revenue was higher than than Cliffs' Q1 total of $5.3b.
“Looking forward, we are on pace for our best shipment year since becoming a steel company. Service center inventories are significantly lower than historical levels, creating support for a healthy second half of the year. And finally, while the perfo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous