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Cleveland-Cliffs Inc. (NYSE: CLF) will publish a monthly 'Cliffs Hot Rolled Market Price' to provide timely and reliable pricing information to customers. The price will be available via letter and on their website, with updates as needed. The initiative aims to promote market transparency in response to industry trends.
Cleveland-Cliffs Inc. (NYSE: CLF) pubblicherà mensilmente il 'Prezzo di Mercato del Laminato a Caldo Cliffs' per fornire informazioni sui prezzi tempestive e affidabili ai clienti. Il prezzo sarà disponibile tramite lettera e sul loro sito web, con aggiornamenti secondo necessità. L'iniziativa mira a promuovere la trasparenza del mercato in risposta alle tendenze del settore.
Cleveland-Cliffs Inc. (NYSE: CLF) publicará mensualmente el 'Precio de Mercado de Laminados en Caliente de Cliffs' para proporcionar información de precios oportuna y fiable a los clientes. El precio estará disponible mediante carta y en su sitio web, con actualizaciones según sea necesario. La iniciativa tiene como objetivo promover la transparencia del mercado en respuesta a las tendencias de la industria.
Cleveland-Cliffs Inc. (NYSE: CLF)는 고객에게 시기적절하고 신뢰할 수 있는 가격 정보를 제공하기 위해 매월 '클리프스 열연 시장 가격'을 발표할 예정입니다. 가격 정보는 서한과 웹사이트를 통해 제공되며 필요에 따라 업데이트됩니다. 이번 조치는 산업 추세에 대응하여 시장의 투명성을 증진시키기 위한 것입니다.
Cleveland-Cliffs Inc. (NYSE: CLF) publiera mensuellement le 'Prix du Marché Laminé à Chaud de Cliffs' pour fournir des informations de prix fiables et opportunes aux clients. Le prix sera disponible par lettre et sur leur site web, avec des mises à jour si nécessaire. L'initiative vise à promouvoir la transparence du marché en réponse aux tendances de l'industrie.
Cleveland-Cliffs Inc. (NYSE: CLF) wird monatlich einen 'Cliffs Warmgewalzte Marktpreis' veröffentlichen, um den Kunden zeitnahe und zuverlässige Preisinformationen zu bieten. Der Preis wird per Brief und auf ihrer Webseite verfügbar sein, mit Updates nach Bedarf. Die Initiative zielt darauf ab, Markttransparenz in Reaktion auf Branchentrends zu fördern.
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CLEVELAND--(BUSINESS WIRE)--
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that, in response to industry trends and feedback from customers, the Company will publish a “Cliffs Hot Rolled Market Price” via letter to all flat-rolled customers on a monthly basis. The price will be published in conjunction with the monthly opening of the Hot Rolled order book, and will be simultaneously published at https://www.clevelandcliffs.com/doing-business/. Cliffs may also update this price more frequently as market conditions necessitate.
Lourenco Goncalves, Cliffs Chairman, President and CEO, said, “We encourage market transparency and have been pleased to see other market participants be more open with their pricing. As the largest producer of flat-rolled steel in North America, we felt it necessary to do the same to make sure our customers had the most timely and reliable pricing information.”
The first Cliffs Hot Rolled Market Price will be published this morning, April 26, 2024, in conjunction with the June Hot Rolled order book opening.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs is also the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. Cleveland-Cliffs is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 28,000 people across its operations in the United States and Canada.
MEDIA CONTACTS:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Director, Investor Relations
(216) 694-7719
Source: Cleveland-Cliffs Inc.
FAQ
What is Cleveland-Cliffs Inc. (CLF) announcing regarding Hot Rolled Coil Spot Price?
Cleveland-Cliffs Inc. (CLF) will publish a monthly 'Cliffs Hot Rolled Market Price' to provide pricing information to customers.
How frequently will the 'Cliffs Hot Rolled Market Price' be published?
The 'Cliffs Hot Rolled Market Price' will be published monthly, with updates as needed based on market conditions.
Who is Lourenco Goncalves and what is his role in this announcement?
Lourenco Goncalves is the Chairman, President, and CEO of Cleveland-Cliffs Inc. (CLF). He stated the company's commitment to market transparency and providing reliable pricing information to customers.
When will the first 'Cliffs Hot Rolled Market Price' be published?
The first 'Cliffs Hot Rolled Market Price' will be published on April 26, 2024, coinciding with the June Hot Rolled order book opening.
