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Cleveland-Cliffs Inc Reports 2019 Results-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
3/3/2020 緊固件展-緊固件采購會(huì)-國際緊固件展-fastener expo |
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Cleveland-Cliffs Inc has reported fourth-quarter and full-year results for the period ended December 31, 2019. Chairman, President and Chief Executive Officer, Lourenco Goncalves said “We finished 2019 on an exciting note with the announcement of the acquisition of AK Steel by Cleveland-Cliffs. With this transformational acquisition we will become a leading supplier of the most sophisticated carbon and stainless steel products to high-end clients, including engineered parts to the automotive industry as a Tier 1 supplier to several different models of cars, SUVs and trucks. On top of that, we will be totally self-sufficient in pellets and rely only on ourselves to get our iron ore feedstock, while preserving our ability to supply customized pellets to other steel mills, as we have been doing so successfully for a long time. The performance of the new Cleveland-Cliffs will be less subject to the volatility of commodity indices and more reliant on fixed-price contracts, which will provide us with much more predictable free cash flow generation. In 2019 we also made incredible progress in advancing our Toledo HBI project to an ahead-of-schedule completion. We remain on track to start producing and selling this highly sought-after product to the marketplace in the first half of this year. With both the upcoming completion of the acquisition of AK Steel and the Toledo HBI plant coming online, 2020 will be a transformational year for us, and we can''t wait to deliver on all of the potential Cleveland-Cliffs has in store.”
緊固件展-2020第二十一屆廣州國際緊固件及設(shè)備展覽會(huì)-巨浪展覽
-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
- Fastener exhibition,2020 Fastener exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2020 Fastener expo, China Fastener expo, Guangzhou Fastener expo
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