Cleveland-Cliffs shares moved up by 2.3% in premarket trades after the steel maker said it will achieve higher annual fixed prices for steel in the calendar...
Cleveland-Cliffs CLF shares moved up by 2.3% in premarket trades after the steel maker said it will achieve higher annual fixed prices for steel in the calendar year 2023. Cleveland-Cliffs also expects “significantly lower” steelmaking unit costs in 2023 compared to 2022. Cleveland-Cliffs projected an average selling price of approximately $1,400 per net ton in 2023, up from $1,300 per net ton in 2022.
Cleveland-Cliffs CLF shares moved up by 2.3% in premarket trades after the steel maker said it will achieve higher annual fixed prices for steel in the calendar year 2023. Cleveland-Cliffs also expects “significantly lower” steelmaking unit costs in 2023 compared to 2022. Cleveland-Cliffs projected an average selling price of approximately $1,400 per net ton in 2023, up from $1,300 per net ton in 2022.
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