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Cleveland-Cliffs reports record profit, revenue and EBITDA

Cleveland-Cliffs, which grew immensely by acquiring ArcelorMittal USA and AK Steel last year, pulled in a record second-quarter profit of $795 million on revenue of $5 billion, another record. The Cleveland-based steelmaker and mining company also brought in record earnings before interest, taxes, depreciation and amortization of $1.4 billion, as compared to an EBITDA loss of $82 million during the same period last year. “In the second quarter of 2021 we achieved all-time quarterly records...
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