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Merrillville looks for interim town manager

New Merrillville strip mall to bring Crumbl Cookies, Tropical Smoothie Cafe and American Mattress

Merrillville officials have vision for 61st Avenue corridor

Merrillville community center busy with bookings

Cleveland-Cliffs forecasts $3 5 billion in EBITDA this year

Cleveland-Cliffs, one of the Calumet Region s 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 in EBITDA in the second quarter of 2021. The projections assume hot-rolled coil prices in the United States will continue to average $975 per ton for the rest of the year. Cleveland-Cliffs plans to report its first-quarter earnings on April 22. Last year, the steelmaker pulled in $353 million in EBITDA but posted a loss of $81 million because of $186 million in costs related to acquisition, severance and inventory step-up. It posted a strong fourth quarter in which it completed its acquisition of ArcelorMittal USA, pulling in a profit of $74 million on $286 million in EBITDA.

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