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Tariffs Triumph & Tussles Touted by Cliffs’ Tenacious Chief
Cleveland-Cliffs CEO Lourenco Goncalves called for Canada to adopt strong steel tariffs, criticised Federal Reserve Chair Jerome Powell for keeping rates high, and praised US trade protections for supporting domestic steelmakers. Despite a GAAP net loss, Cliffs saw improved adjusted EBITDA and cost savings. The company eyes further gains as protective measures & policy support strengthen local demand.
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