Cleveland-Cliffs Shares Jump as Company Forecasts Highest Profit Since 2021
Cleveland-Cliffs forecast its 2027 profit will be its highest since 2021, citing tight steel supply and rising prices. The company postponed a blast furnace refurbishment planned for next spring at Burns Harbor.
Cleveland-Cliffs shares are rising after the steelmaker forecast that its 2027 profit would reach its highest level since 2021. The company cited tight steel supply, which has lifted prices. Cleveland-Cliffs also postponed a blast furnace refurbishment that had been planned for next spring at its Burns Harbor…