Cleveland-Cliffs Sees FY24 Capital Expenditures $675M-$725M; Steel Shipment Volumes Of 16.5M Net Tons
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs projects its FY24 capital expenditures to be between $675M and $725M, with steel shipment volumes expected to reach 16.5 million net tons.
April 22, 2024 | 8:09 pm
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Cleveland-Cliffs anticipates FY24 capital expenditures of $675M-$725M and steel shipment volumes of 16.5M net tons.
The announcement of projected capital expenditures and shipment volumes provides investors with clarity on Cleveland-Cliffs' operational and financial outlook, likely leading to positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100