Strong demand for US automotive steel drives Cleveland-Cliffs Q3 results. Important memorandum of understanding with global steel producers. Expansion into rare earth metal production
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The stock of Cleveland-Cliffs (CLF) is poised for a breakout. It is a leading steel and mining company that specializes in the production of high-quality automotive steel. The company operates extensive production capacities, including nine galvanizing plants, five of which specialize in visibly exposed automotive parts. On September 17, Cleveland-Cliffs signed a Memorandum of Understanding (MoU) with a major global steel producer. This was announced by the company on Monday (October 20). The aim is to facilitate market entry in the USA for the...
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