Cleveland-Cliffs Announces Price Increase for Plate Products
March 02 2023 - 9:18AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it
is increasing current base prices for its steel plate products by a
minimum of $60 per net ton. This price increase includes as-rolled,
normalized, and quench and tempered steel plate products, and is
effective immediately with all new, non-contract orders. Cliffs
also reserves the right to re-quote any open offers not confirmed
by a Cliffs order acknowledgment.
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.
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 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/20230302005580/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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