Cleveland-Cliffs Sees FY24 CapEx $650M-$700M
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs has announced its capital expenditure (CapEx) for the fiscal year 2024, which is expected to be between $650 million and $700 million.
July 22, 2024 | 8:12 pm
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Cleveland-Cliffs has announced its capital expenditure (CapEx) for the fiscal year 2024, which is expected to be between $650 million and $700 million. This indicates the company's commitment to investing in its operations and could signal future growth.
The announcement of a significant CapEx budget suggests that Cleveland-Cliffs is planning to invest heavily in its operations. This could lead to improved efficiency, expansion, and potentially higher revenues in the future, which is generally positive for the stock price.
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