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Cleveland-Cliffs backs FY24 capex view of $675M-$725M
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Cleveland-Cliffs backs FY24 capex view of $675M-$725M

The Company maintained all of its previously guided expectations for the full-year 2024, including: Steel shipment volumes of 16.5 million net tons; Year-over-year steel unit cost reductions of approximately $30 per net ton, corresponding to an approximate $500 million Adjusted EBITDA benefit compared to 2023; and Capital expenditures of $675M to $725M.

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