星空传媒 Inc. Announces Price Increase for Carbon Steel Products

CLEVELAND--(BUSINESS WIRE)-- 星空传媒 Inc. (NYSE: CLF) (the 鈥淐ompany鈥�) today announced that its wholly-owned subsidiary, AK Steel, is increasing current spot market base prices for all carbon flat-rolled steel hot rolled, cold rolled and coated products by a minimum of $40 per ton, effective immediately with new orders in North America.

About 星空传媒

Founded in 1847, 星空传媒 is among the largest vertically integrated producers of differentiated iron ore and steel in North America. With an emphasis on non-commoditized products, the Company is uniquely positioned to supply both customized iron ore pellets and steel solutions to a quality-focused customer base. AK Steel, a wholly-owned subsidiary of 星空传媒, is a leading producer of flat-rolled carbon, stainless and electrical steel products. The AK Tube and Precision Partners businesses provide customer solutions with carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. In 2020, Cliffs also expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region. Headquartered in Cleveland, Ohio, 星空传媒 employs approximately 11,000 people across mining and steel manufacturing operations in the United States and Canada. For more information, visit or .

MEDIA CONTACT:
Patricia Persico
Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
Paul Finan
Director, Investor Relations
(216) 694-6544

Source: 星空传媒 Inc.

Released July 21, 2020