20
Feb
15:23
Cleveland-Cliffs turns focus to future
US iron ore producer and prospective flat-rolled entrant Cleveland-Cliffs saw its profits drop in 2019, though a new era for the company is about to begin with the acquisition of legacy steelmaker AK Steel.
Cleveland earned $293 million on sales of $2 billion in 2019, down from earnings of $1.1 billion on sales of $2.3 billion in 2018. The prior year’s profit included a $461m tax valuation allowance and a one-time gain of $228m from a foreign currency …
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Anonymous
Very good overview of the weekly steel market.
Anonymous