Steel producer Cleveland-Cliffs Inc. said Tuesday it expects its first quarter revenue to come to about $5.2 billion, matching the FactSet consensus. The...
Steel producer Cleveland-Cliffs Inc. CLF said Tuesday it expects its first quarter revenue to come to about $5.2 billion, matching the FactSet consensus. The company is expecting steel shipments of 4.1 million net tons. It expects adjusted EBITDA to come to about $200 million, driven by unit cost reductions.
It expects adjusted EBITDA to come to about $200 million, driven by unit cost reductions. “As we start the second quarter and continue to execute on further cost reductions as planned, we are also enjoying the full benefits of the meaningful price increases Cleveland-Cliffs has implemented for this year, which cover contracts with automotive and non-auto clients, as well as transactional sales,” CEO Lourenco Goncalves said in a statement.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cleveland Cavaliers, Anderson Varejão unveil refurbished basketball court in Brazil (GALLERY)The Cleveland Cavaliers and former C Anderson Varejão this week announced a new long-term initiative to grow the sport of basketball in Brazil by way of a newly refurbished basketball court.
Leer más »
2 men in critical condition after shooting at Cleveland Walmart, police sayA shooting that originally occurred at the Steelyard Commons Walmart on Sunday, has left two men in critical condition, according to the Cleveland Police Department.
Leer más »
Judge quashes deposition of Cleveland Browns QB Deshaun WatsonCleveland Browns QB Deshaun Watson will be back in court next week to give a deposition in the 25th sexual misconduct lawsuit filed against him by a licensed massage therapist.
Leer más »