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Cleveland-Cliffs expects to increase its flat steel shipments

Cleveland-Cliffs increased its estimated flat steel shipments for the first quarter of this year.

Cleveland-Cliffs expects to increase its flat steel shipments

The company expects an increase in shipments for the first quarter

The company announced that flat steel shipments should increase by 13% compared to the previous year, reaching 4.1 million short tons. The company's estimate for the first quarter increased by 6.8% compared to fourth quarter shipments.

If shipments are realized as estimated, the company can reach its target of 16 million shipments

If the company's shipment estimates are realized, the company can reach its target of 16 million shipments in 2023. At the same time, the company will exceed the target it set to reach approximately 4 million tons in the first quarter.

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