Cliffs sees bullish steel demand from US auto sector in coming quarters

Cleveland-Cliffs expects its quarterly steel shipment volumes to reach near or exceed 4 million st in the fourth quarter and subsequent quarters amid a rebound in steel demand from a recovering US automotive sector, CEO Lourenco Goncalves said Oct. 25. “We were encouraged by the 100,000 st volume improvement from our automotive customers from [the second quarter] to [the third…

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