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Why US Steel Production Outlook Bodes Well for Cleveland-Cliffs

Annie Gilroy
Why US Steel Production Outlook Bodes Well for Cleveland-Cliffs

US steel production is the key variable that drives US steelmakers’ (SLX) (XME) revenues. AK Steel and ArcelorMittal are Cleveland-Cliffs’ (CLF) customers. Investors track production data to get a sense of the direction of overall volumes.