Cleveland-Cliffs (CLF) has signed new fixed-price contracts to supply steel to multiple U.S. carmakers for up to three years, longer than the typical one year contracts, showing how the industry is guarding against potential inflation amid the tariffs, Joe Deaux, Gabrielle Coppola and David Welch of Bloomberg report, citing a person familiar with the matter. General Motors (GM) is one companies to sign an agreement with Cleveland-Cliffs, a source told Bloomberg.
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