30
Jul
14:33
Auto to strengthen Cleveland-Cliffs' business in H2
Cleveland-Cliffs expects the third quarter to move much more smoothly than the second as the return of the auto industry bolsters its newly acquired AK Steel business, Kallanish understands.
Cliffs lost $108 million on sales of $1.1 billion during Q2, down from net income of $161m on sales of $743m in Q2 2019. Over the past year, Cliffs acquired legacy flat-rolled producer AK Steel.
“The second quarter was an unusual one, with the full impact of…
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Anonymous
Very good overview of the weekly steel market.
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