Cleveland-Cliffs Exceeds Expectations and Significantly Raises Outlook for 2027 Thanks to Tariffs!
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The US steel company Cleveland-Cliffs presents strong quarterly results and looks optimistically towards 2027 thanks to high US tariffs on steel. Management forecasts an adjusted profit of over 4 billion USD – significantly more than analysts expected. Results Exceeding Expectations Cleveland-Cliffs reports an adjusted operating result (EBITDA) of 612 million USD for the third quarter with a revenue of 5.6 billion USD, thus exceeding the analyst estimate of 601 million USD. The jump compared to the previous year is substantial: at that time,...
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