Cleveland-Cliffs announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF:
- Cleveland-Cliffs selected to receive up to $575M in DOE investments
- Cleveland-Cliffs (NYSE:CLF) May Bid on U.S. Steel If Nippon Deal Fails
- Cleveland-Cliffs CEO says could bid in ‘$30s’ for U.S. Steel if Nippon bid fails
- Biden speech likely to extend review of U.S. Steel deal, says Morgan Stanley
- Cleveland-Cliffs call volume above normal and directionally bullish