Cleveland-Cliffs Reveals Price Increase For Hot Rolled, Cold Rolled And Coated Steel Products, Effective Immediately With All New Orders
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs announced an immediate price increase for its hot rolled, cold rolled, and coated steel products. The new minimum base price for hot rolled steel is set at $840 per net ton, effective with all new orders.
March 07, 2024 | 10:25 pm
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Cleveland-Cliffs has increased the prices for its steel products, including setting a new minimum base price for hot rolled steel at $840 per net ton.
The immediate price increase for Cleveland-Cliffs' steel products could lead to higher revenue and potentially better margins, assuming demand remains stable. This move indicates a strategic pricing decision in response to market conditions, which could positively impact the company's financial performance in the short term.
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