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
-
They're Burying Carbon Under the Sea. With Sewage.
Inside This Issue 🌿 Inherit Enters Operation With World's First Carbon Removal Project From Biogas in Norway 🏭 First Ammonia Bets on 2026 FID After Topsoe Exit 🧪 Hydrogen Filling With 90 Tonnes at...
-
Why Microsoft is Paying for 1 Million Tons of... Charcoal?
Inside This Issue 🌱 Liferaft Announces a 10-Year, 1 Million Carbon Removal Units Offtake Agreement with Microsoft 🏭 ExxonMobil Fires Up Second CCS Hub in Louisiana with NG3 🚢 Powering Global Marit...
-
This California Brewery Is Now Brewing With Captured CO₂
Inside This Issue 🍺 AirCapture And Almanac Beer Co. Launch World’s First Commercial Beer Carbonated With Co2 Captured From The Atmosphere With Direct Air Capture 🌱 Boeing Signs Record Carbon Remov...
Company Announcements
-
Cespira’s Hydrogen HPDI™ Fuel System Now in On-Road Testing
VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the “Company”) (TSX:WPRT / Nasdaq:WPRT), a leading supplier of advanced alternative fuel sy...
-
SuMo And Velocys Commission Fischer-Tropsch System, Advance UK Waste-to-SAF Demonstration
Key early milestone strengthens the technical and commercial case for the UK's emerging waste-to-SAF industry Sustainable Molecules Ltd (SuMo) and Velocys have successfully commissioned a UK-first...
-
Gevo, Inc. (NASDAQ: GEVO), a leader in sustainable fuels and carbon management, today announced that it is developing plans for a potential expansion at the site of its Gevo North Dakota facility (...
-
Volvo Group, Daimler Truck, cellcentric and Toyota Motor Corporation signed a non-binding Memorandum of Understanding to collaborate on fuel cell technology. Toyota Motor Corporation aims to inves...