Cleveland-Cliffs to raise prices of hot rolled and coated steel products

Cleveland-Cliffs to raise prices of hot rolled and coated steel products


Cleveland-Cliffs Inc. said Wednesday it’s raising the base prices for all carbon hot rolled, cold rolled and coated steel products to $750 per net ton. The company did not disclose a previous base price for its products. The change is effective immediately, it said in a short statement. The stock
CLF,
-1.14%
rose 1.6% premarket but is down 8.8% in the year to date, while the S&P 500
SPX
has gained 11.3%.



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