Cleveland-Cliffs to raise prices of hot rolled and coated steel products

ina fassbender/Agence France-Presse/Getty ImagesCleveland-Cliffs Inc. said Wednesday it’s raising the base prices for all carbon hot rolled, cold rolled and coated steel products to $750 per net ton. The company did not disclose a previous base price for its products. The change is effective immediately, it said in a short statement. The stock CLF rose 1.6% premarket but is down 8.8% in the year to date, while the S&P 500 SPX has gained 11.3%.

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