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Cleveland-Cliffs Applauds the Trump Administration for Taking Action on Steel Imports

CLEVELAND-CLIFFS INC (CLF)  More Company Research Source: Business Wire
Last cleveland-cliffs inc earnings: 7/20 08:00 am Check Earnings Report
PDF CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc., (NYSE: CLF) the largest merchant supplier of iron ore pellets to the United States steel industry, today issued the following statement regarding President Trump’s announcement of tariffs of 25 percent on steel imported to the United States. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, said, ”We applaud and thank President Trump for taking real action under Section 232 to punish the perpetrators and enablers of unfairly traded steel. The 25 percent tariffs to be imposed next week will support our ability to continue to produce iron ore pellets and steel in our country, enhancing a vibrant manufacturing economy and our national security. Artificially cheap steel boosted by subsidies, dumping and circumvention are not signs of competitiveness; these are just signs of blatant disregard to real free trade and to our trade law [Read more]

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