Cleveland-Cliffs Sees Second-Quarter Drop in Automotive Steel Demand But Reports $795 Million Profit

SUGAR LAND--July 23, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Steel producer Cleveland-Cliffs Incorporated (NYSE: CLF) (Cleveland, Ohio) weathered a drop in demand from automakers during the just-ended second quarter but still managed to turn a record profit, the company reported Thursday.