Pivotal Point Tracking Cleveland-Cliffs (CLF): US Steel Producer Impresses with Operational Turnaround - EBITDA Rises to a Two-Year High

Cleveland-Cliffs is the largest producer of flat-rolled steel and pellets in North America, with a strong focus on the automotive industry. On July 23, the company presented strong numbers for Q2 and initiated an operational turnaround. Revenue increased by about 6% to $5.2 billion. Adjusted EBITDA tripled compared to the previous quarter to $286 million, marking the highest value in two years. After a long phase of cash outflows, the company also recorded a positive free cash flow of $73 million and is optimistic about an EBITDA of $575 million...