Cleveland-Cliffs Announces Price Increase for Carbon Steel Products
August 24 2022 - 3:04PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it
is increasing current spot market base prices for all carbon steel
hot rolled, cold rolled and coated steel products by a minimum of
$75 per ton, effective immediately with new orders in North
America.
About Cleveland-Cliffs Inc.
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. We are the
largest supplier of steel to the automotive industry in North
America and serve a diverse range of other markets due to our
comprehensive offering of flat-rolled steel products. Headquartered
in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000
people across its operations in the United States and Canada.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005700/en/
MEDIA CONTACT: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316 INVESTOR CONTACT:
James Kerr Manager, Investor Relations (216) 694-7719
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