【SMM Steel】Cleveland-Cliffs: existing assets enough for auto steel growth

Published: Feb 13, 2026 11:16

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【SMM Steel】Cleveland-Cliffs said it can meet rising auto steel demand without new mills, using existing galvanizing/coating lines. It's substituting steel for aluminum using current aluminum forming gear, winning mass orders with no new tooling costs. Tighter Canadian import curbs help its Stelco unit. It's in talks with Posco on a strategic deal, targeting H1 2026. It also sees higher utilization and better pricing as markets recover.

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