Cleveland-Cliffs sees EBITDA improvement in Q3

Says understands why U.S. has 50% tariff on Canada steel. Says Canada should put significant trade protections on steel. Says Fed chairman Jerom Powell leaving is not a matter of if, but when. Says expects cost to be down another $20 per ton in Q3. Sees EBITDA improvement in Q3. Says volumes in Q3 should be flat compared to Q2. Says bought Stelco because the company believes in Canada. Says Canada can fix itself. Says company has more influence in Canada with acquisition of Stelco than in the U.S. Comments and guidance taken from Q2 earnings conference call.