Cleveland Cliffs Inc (CLF)

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CCI announces record second-quarter revenue

By NICOLE WALTON 



CLEVELAND, OH--   Cleveland-Cliffs second-quarter results are in very positive territory.

On Thursday the company said for the period ended June 30, 2021 consolidated revenues were $5 billion, compared to last year’s second-quarter revenues of $1.1 billion.
CCI recorded net income of $795 million. In the prior-year second quarter the company reported a net loss of $108 million.
For the first six months of 2021, the Cleveland-Cliffs recorded revenues of $9.1 billion dollars and net income of $852 million. In the first six months of 2020, the company recorded revenues of $1.5 billion dollars and a net loss of $157 million.