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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.