Cleveland-Cliffs Stock Rises on Strong Steel Demand and Pricing
Cleveland-Cliffs (CLF) saw its stock rise by nearly 17% as strong steel demand and pricing boosted investor confidence. The company reported improved revenue, positive free cash flow, and a significant increase in Q2 adjusted EBITDA to $286 million from $95 million in the previous quarter.
Topics: Cleveland-Cliffs free cash flow Q2 earnings steel industry