Market Segment
June 15, 2021
Cliffs Expects Higher Q2 and 2021 Results
Written by Sandy Williams
Cleveland-Cliffs increased its second-quarter and full-year 2021 guidance in an announcement on Tuesday. Second-quarter adjusted EBITDA is projected at $1.3 billion and full-year 2021 at $5 billion.
The increase is based on current contracts and assumes that the U.S. HRC price index will average $1,176 per net ton for the remainder of the year.
The company will announce full second-quarter results on July 22, 2021.
