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    A line of black coupes at a car dealership

    August 15, 2025

    Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report

    Written by Laura Miller

    Cleveland-Cliffs Inc. has reportedly signed “unusually long” fixed-price supply agreements with multiple US automakers.

    According to a Bloomberg report on Friday afternoon, the Cleveland-based steelmaker has inked contracts to supply steel sheet to General Motors and other car companies in the US for up to three years. The article cited sources privy to the deals who wished to remain anonymous.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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