Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
CLEVELAND, March 27, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton. Cleveland-Cliffs Inc. (NYSE: CLF) has announced a $60 per net ton increase in spot market base prices for all carbon hot rolled, cold rolled and coated steel products. This increase is effective with all new orders. The minimum base price for hot rolled steel is now $900 per gross ton. Cliffs, which is the largest flat-rolled steel producer in North America and manufacturer of iron ore pellets, is also the largest supplier of steel to the automotive industry and serves a diverse range of other markets. The company employs approximately 28,000 people across its operations in the United States and Canada.
Published : 4 weeks ago by Business Wire in Finance
CLEVELAND, March 27, 2024--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. Cleveland-Cliffs is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 28,000 people across its operations in the United States and Canada.