Replies to post #23959 on The Rising Influence of Rising Affluence

[DewDiligence]

CLF +12% on 2x-average volume. Other steel stocks had a good day too.

[DewDiligence]

CLF independent director bought $25K stock today on the open market:

https://www.sec.gov/Archives/edgar/data/764065/000076406521000163/xslF345X03/wf-form4_162101452518943.xml

[winchem21]

CLF Announces $5 billion Full-Year EBIDTA 2021 Financial Guidance

This is based on orders and conservative estimate of HRC $1,175 average for remainder of year. This is a 25% increase increase from the $4 billion guidance (assumed HRC $1,100 price) issued during last earnings call.

http://www.clevelandcliffs.com/English/news-center/news-releases/news-releases-details/2021/Cleveland-Cliffs-Announces-Increase-to-Second-Quarter-and-Full-Year-2021-Financial-Guidance/default.aspx

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today provided updated financial guidance based on its most recent 2021 financial forecast.

The Company’s forecast includes the following expectations:

Second-quarter 2021 adjusted EBITDA* of $1.3 billion
Full-year 2021 adjusted EBITDA* of $5 billion
The full-year expectation is based on current contractual business and the conservative assumption that the US HRC index price averages $1,175 per net ton for the remainder of the year.

The Company will announce its full second-quarter 2021 earnings results before the U.S. market open on Thursday, July 22, 2021.