15
Apr
17:08
US' Cliffs lays out worst-case scenario plan
US iron ore and steel producer Cleveland-Cliffs believes it can weather an extended - and unlikely - long-term dearth of automotive sheet demand, Kallanish reports.
“Automotive manufacturing has always been the backbone of the Cleveland-Cliffs business, even before the acquisition of AK Steel,” says ceo Lourenco Goncalves. “As such, we have performed stress tests of our liquidity in the most extreme scenarios imaginable to us, which include…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous