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These Factors Could Lead to Upside to CLF’s Free Cash Flow

These Factors Could Lead to Upside to CLF’s Free Cash Flow

Cleveland-Cliffs (CLF) had accumulated debt over a number of years. In this context, we’ll discuss Cleveland-Cliffs’ ability to generate FCF (free cash flow). In its 4Q16 earnings call, Cleveland-Cliffs’ management noted that it expects to generate FCF of $550 million in 2017.