Cleveland-Cliffs Expects Q2 Adj. EBITDA Of $1.3 Bln

Cleveland-Cliffs Inc. (CLF) said it expects second-quarter 2021 adjusted EBITDA of $1.3 billion and 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 noted that it will announce its full second-quarter 2021 earnings results before the U.S. market open on July 22, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
e-Commerce giant Amazon is set to hire 150,000 seasonal employees across the U.S. to manage the upcoming holiday season better. It is looking to provide seasonal jobs to people of all backgrounds and skill levels. Amazon noted that all jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour based on shifts Facebook is planning to create 10,000 new high-skilled jobs within the European Union over the next five years to help build the metaverse, a new concept of a digital world. Metaverse is described as a new phase of interconnected virtual experiences using technologies like virtual and augmented reality. In a blog post, the company stated that the metaverse has the potential to help unlock access.. Walmart is bringing back its month-long savings event "Black Friday Deals for Days" in November, with special early access for Walmart+ members. The retail behemoth, which reinvented the Black Friday shopping events last year, will spread out its Black Friday savings to three events throughout November. Each savings event will begin online at Walmart.com and continue with the same deals in stores.
Follow RTT