Cleveland-Cliffs (CLF) Raises Q2 and FY Guidance

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Go back to Cleveland-Cliffs (CLF) Raises Q2 and FY Guidance

Cleveland-Cliffs Announces Increase to Second-Quarter and Full-Year 2021 Financial Guidance

June 15, 2021 7:00 AM EDT

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today provided updated financial guidance based on its most recent 2021 financial forecast.

The Companys forecast includes the following expectations:

Second-quarter 2021 adjusted EBITDA* of $1.3 billion Full-year 2021 adjusted EBITDA* of $5 billion

The full-year expectation is based on current contractual business and the conservative assumption that the US HRC index price averages $1,175 per net ton for the remainder of the year.

The Company will announce its full second-quarter 2021 earnings results before the U.S. market open on... More