11
Apr
20:27
Cleveland-Cliffs makes Q1 cost reductions
US producer Cleveland-Cliffs issued preliminary first-quarter earnings information in a press release on 11 April. The statement from ceo Lourenco Goncalves highlighted its plan to reduce its costs, Kallanish learns.
Cleveland-Cliffs is expected to communicate its Q1 2023 figures of 4.1 million net ton shipments, $5.2 billion revenue, and adjusted EBITDA of roughly $200m.
The full-earnings results will be reported at market close on 24 April, and the conference …
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Very good overview of the weekly steel market.
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