CLEVELAND, OH— Cleveland-Cliffs released its second-quarter 2023 results this week for the period ended June 30th.
Revenues were $6 billion, compared to $5.3 billion in the first quarter of the year. CCI recorded net income of $356 million, or $0.67 per diluted share.
Total steel shipments were more than 4.2 million net tons, and CCI’s total liquidity was $3.8 billion, the highest in company history.
Cliffs Chairman, President, and CEO—Lourenco Goncalves—says the company is on pace for its best shipment year since becoming a steel company.
