Cleveland-Cliffs Inc. (NYSE: CLF) (the “Firm”) immediately introduced that its wholly-owned subsidiary, AK Metal, is rising present spot market base costs for all carbon flat-rolled metal scorching rolled, chilly rolled and coated merchandise by a minimal of $40 per ton, efficient instantly with new orders in North America.
Based in 1847, Cleveland-Cliffs is among the many largest vertically built-in producers of differentiated iron ore and metal in North America. With an emphasis on non-commoditized merchandise, the Firm is uniquely positioned to provide each personalized iron ore pellets and metal options to a quality-focused buyer base. AK Metal, a wholly-owned subsidiary of Cleveland-Cliffs, is a number one producer of flat-rolled carbon, stainless and electrical metal merchandise. The AK Tube and Precision Companions companies present buyer options with carbon and chrome steel tubing merchandise, die design and tooling, and hot- and cold-stamped elements. In 2020, Cliffs additionally expects to be the only producer of scorching briquetted iron (HBI) within the Nice Lakes area. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs roughly 11,000 folks throughout mining and metal manufacturing operations in the US and Canada. For extra data, go to www.clevelandcliffs.com or www.aksteel.com.
Director, Company Communications
Director, Investor Relations