27
May
13:19
Cleveland-Cliffs erases debt 4 years early
US flat-rolled and iron producer Cleveland-Cliffs Inc plans to redeem $396 million in principal notes due March 2025, Kallanish reports.
The total cost to redeem the notes will be about $407m, which Cleveland expects to pay on or before 30 June.
“Our business continues to generate consistent and strong cash flow, and we anticipate this trend to continue for the foreseeable future,” says ceo Lourenco Goncalves. “With that, we don&rsqu…
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Anonymous
Very good overview of the weekly steel market.
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