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Cleveland-Cliffs forecasts $3.5 billion in EBITDA this year

Cleveland-Cliffs, one of the Calumet Regions largest industrial employers, forecasts it will pull in about $3.5 billion in earnings before interest, taxes, depreciation and amortization this year if prices hold up. The Cleveland-based steelmaker, which bought ArcelorMittal USA and AK Steel last year, projects it will bring in $500 million in EBITDA in the first quarter and $1.2 billion inร‚ย EBITDA in the second quarter of 2021. The projections assume hot-rolled coil prices in the United States...
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