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Cleveland-Cliffs says overall cost structure improved with Stelco
The Fly

Cleveland-Cliffs says overall cost structure improved with Stelco

Sees $120M of cost synergies within the first year of Stelco acquisition. Says non-auto business saw weakness in demand and pricing in Q3. Plans to prioritize debt repayment vs. share repurchases with cash flow. Says key strategic projects are proceeding well. Says “getting more comfortable forecasting a strong 2025.” Comments taken from Q3 earnings conference call.

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