24
Oct
22:12
Cleveland-Cliffs envisions restocking, pricing strength in Q4
Cleveland-Cliffs reveals that automotive-related steel purchasing is trending downward in the fourth quarter due to the United Auto Workers strikes, but service-centre procurement is on the verge of rebounding because distributors destocked in the third quarter.
In reporting third-quarter earnings, Cleveland-Cliffs chairman, president and ceo Lourenco Goncalves confirms that his company’s two announced coil price increases (see Kallanish passim) are being a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous