Watching Cleveland-Cliffs; Traders Circulate Analyst Comments Suggesting The Co Is Raising The Price On HRC By $20/T
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs is reportedly raising the price of Hot Rolled Coil (HRC) by $20 per ton, according to circulating analyst comments. This move could impact the company's revenue and stock price.
September 17, 2024 | 2:06 pm
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Cleveland-Cliffs is reportedly raising the price of Hot Rolled Coil (HRC) by $20 per ton. This price increase could lead to higher revenues and potentially boost the stock price in the short term.
The increase in HRC prices by Cleveland-Cliffs suggests a strategic move to enhance revenue. As HRC is a significant product for the company, this price hike could lead to improved financial performance, positively impacting the stock price.
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