US miner & steel maker Cleveland-Cliffs Inc has based its latest financial guidance on assumption that the US HRC price averages USD 975 per net ton (USD 1075 per metric tonne) for the remainder of 2021, signalling that outlook for steel prices for 2021 remains at historic levels
Cleveland-Cliffs Inc, formerly Cliffs Natural Resources, is a Cleveland Ohio based company that specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. It is the largest flat-rolled steel producer in North America.
Source: STEELGURU
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