U.S. Markets
Cleveland Cliffs (CLF) says currently selling steel in the best pricing environment in three years; adds that Q3 shipments increased and selling prices rose as expects, whilst costs beat guidance; this allowed Adj. EBITDA to more than double sequentially
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Cleveland-Cliffs reported a three-year-best steel pricing environment and said Q3 shipments and selling prices increased, costs beat guidance, and adjusted EBITDA more than doubled sequentially.
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