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
-
The US Hasn't Made Heavy Water Since 1982
Inside This Issue ⚛️ Aternium Completes FEED Studies for US Hydrogen, Heavy Water Project 🐄 Google, McKinsey Strike Brazil Carbon Removal Deal With Silvopasture Project 🔧 Cummins Selects Stargate ...
-
Why Colorado’s Koloma Has Japan’s Largest Utility Hooked
Inside This Issue ⚡ JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy 🔬 New CATF Tool Provides Framework for Self-Assessment and Strengthening of Biomass Carbon Remo...
-
LNK Energies Targets $6.50 Hydrogen With No Federal Subsidies
Inside This Issue 🚛 MIT Startup Says It Can Turn Diesel Trucks Into Cheaper Hydrogen Haulers, See It at Disrupt 🏭 Baytown City Council Briefs: ExxonMobil Blue Hydrogen Agreement Approved 🌎 Colorad...
Company Announcements
-
A new interactive tool from Clean Air Task Force (CATF) provides a practical framework for the self-assessment and strengthening of biomass carbon removal (BiCRS) protocols to help ensure that carb...
-
LanzaJet Secures Financing to Scale SAF Production and Supply Global Customers
CHICAGO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, today announced fully committed new financing of at least $20 million to s...
-
44.01 and Frontier Advance Permanent CO₂ Storage Through In-Situ Mineralization
44.01's in-situ mineralization (ISM) process turns CO₂ into solid rock underground in a few years, after which the risk of reversal is functionally zero. >> In Other News: JERA Invests in ...
-
JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy
JERA Co., Inc. (JERA), through its corporate venture capital arm JERA Ventures, has invested in Koloma, Inc. (Koloma), a U.S.-based natural hydrogen exploration and development company. The invest...