Cleveland-Cliffs Inc. Announces Price Increase for Carbon Steel Products
Cleveland-Cliffs Inc. (NYSE: CLF) (the “Company”) today
announced that its wholly-owned subsidiary, AK Steel, is increasing
current spot market base prices for all carbon flat-rolled steel
products by a minimum of $40 per ton, effective immediately with
new orders in North America.
Founded in 1847,
Cleveland-Cliffs is among the largest vertically integrated
producers of differentiated iron ore and steel in North America.
With an emphasis on non-commoditized products, Cleveland-Cliffs is
uniquely positioned to supply both customized iron ore pellets and
sophisticated steel solutions to a quality-focused customer base,
with an industry-leading market share in the automotive industry. A
commitment to environmental sustainability is core to our business
operations and extends to how we partner with stakeholders across
our communities and the steel value chain. Headquartered in
Cleveland, Ohio, Cleveland-Cliffs employs approximately 12,000
people across mining and steel manufacturing operations in the
United States, Canada and Mexico.
version on businesswire.com: https://www.businesswire.com/news/home/20200521005668/en/
MEDIA CONTACT: Patricia Persico Director, Corporate
Communications (216) 694-5316
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