Steel industry icon U.S. Steel has reduced its leverage, but there's one thing it hasn't fixed -- and probably can't.
News & Analysis: Cleveland-Cliffs
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The winter months are always slow for the iron ore producer, so the sharp drop in profitability shouldn't come as a surprise.
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CLF earnings call for the period ending March 31, 2019.
The iron ore pellet maker is not just another commodity company.
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Cleveland-Cliffs has already contracted all of its production for 2019 and expects high margins thanks to Vale's decision to cut production for safety inspections.