Cleveland-Cliffs to Publish Monthly Hot Rolled Coil Spot Price
26 Abril 2024 - 6:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that,
in response to industry trends and feedback from customers, the
Company will publish a “Cliffs Hot Rolled Market Price” via letter
to all flat-rolled customers on a monthly basis. The price will be
published in conjunction with the monthly opening of the Hot Rolled
order book, and will be simultaneously published at
https://www.clevelandcliffs.com/doing-business/. Cliffs may also
update this price more frequently as market conditions
necessitate.
Lourenco Goncalves, Cliffs Chairman, President and CEO, said,
“We encourage market transparency and have been pleased to see
other market participants be more open with their pricing. As the
largest producer of flat-rolled steel in North America, we felt it
necessary to do the same to make sure our customers had the most
timely and reliable pricing information.”
The first Cliffs Hot Rolled Market Price will be published this
morning, April 26, 2024, in conjunction with the June Hot Rolled
order book opening.
About Cleveland-Cliffs Inc. Cleveland-Cliffs is the
largest flat-rolled steel producer in North America. Founded in
1847 as a mine operator, Cliffs is also 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240426947990/en/
MEDIA CONTACTS: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316
INVESTOR CONTACT: James Kerr Director, Investor Relations
(216) 694-7719
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