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Cleveland-Cliffs, which grew immensely by acquiring ArcelorMittal USA and AK Steel last year, pulled in a record second-quarter profit of $795 million on revenue of $5 billion, another record. The Cleveland-based steelmaker and mining company also brought in record earnings before interest, taxes, depreciation and amortization of $1.4 billion, as compared to an EBITDA loss of $82 million during the same period last year. “In the second quarter of 2021 we achieved all-time quarterly records in revenue, net income and adjusted EBITDA, Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves said.  The numbers unequivocally confirm our efficiency in operating the new footprint, resulting from the integration of the two major steel companies acquired in 2020 as a single and indivisible mining and steel company. They also demonstrate our flawless execution in ramping up our state-of-the-art Direct Reduction plant in Toledo to the current level of production above nomi

Josephs peteLourenco goncalvesCleveland cliffs burns harborArcelormittal united statesDirect reductionஜோசப்ஸ் பீட்லொஊரெங்கோ கொங்கல்வேஸ்அர்ஸலாமிட்டல் ஒன்றுபட்டது மாநிலங்களில்நேரடி குறைப்பு