Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
Published by Todd Bush on February 27, 2023
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,100 per net ton.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is 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 27,000 people across its operations in the United States and Canada.
Contacts
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
DOE Reversal: Which Hydrogen and DAC Hubs Made the Cut
Inside This Issue 💰 DOE Restores $1.2B for DAC Hubs and 5 Hydrogen Projects 🌏 CCUS Hub Study Identifies Five Asia-Pacific Hub Sites and Welcomes New Consortium Partners 🧪 Petronor and H2SITE Partn...
-
Trump Just Spared $5B in Hydrogen. Why?
Inside This Issue 🧪 Trump List Of Saved Projects Spares $5 Billion Hydrogen Hubs ✈️ eFuels SEA Brings Infinium eSAF Technology To Southeast Asia 💰 XCF Global, Inc. Announces Receipt Of $10 Million...
-
ONE Company Bought 90% of All Carbon Removal. It Just Stopped.
Inside This Issue ⏸️ Microsoft's Carbon Removal Pause Puts A One-Buyer Market To The Test 🧱 Verde Developing Environmental Product Declaration (EPD) For Its Engineered Biochar In Road Materials 🌲 ...
Company Announcements
-
Greenlyzer And Royal Group Sign Deal To Expand Green Hydrogen In ASEAN
The system uses AI to manage clean hydrogen power. Singapore-based Greenlyzer and Cambodia’s Royal Group have signed a memorandum of agreement to accelerate green hydrogen energy development in Ca...
-
WILMINGTON, DE / ACCESS Newswire / April 21, 2026 / — Delrin, a global leader in high-performance acetal homopolymer, today announced a significant expansion of its Sustainable Solutions portfolio ...
-
Nonprofit reports major milestones in 2025-26, including expanded wildlife refuge restoration, emergency response efforts, and continued methane reduction across 15 states BOZEMAN, MT / ACCESS New...
-
Rivan Raises £25m to Scale Synthetic Fuel Production
Today, we’re announcing our new £25m fundraise led by IQ Capital with support from Plural, to scale domestic synthetic fuel production in Europe. This funding will dramatically accelerate our deplo...