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22 Apr

Steel pricing, service-centre procurement improving: Cleveland-Cliffs

Flat steel spot pricing and service centre demand are strengthening in the US, Cleveland-Cliffs observes in its first-quarter earnings release examined by Kallanish.  The Cleveland, Ohio-based steelmaker says strong auto-related demand and higher selling prices helped it to narrow its quarterly loss sequentially and to maintain a positive outlook for the current quarter. “Looking forward, we expect to benefit in Q2 from the lower costs under our …
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