April 26, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) expects its capital expenditures (CAPEX) for 2023 to be in the range of $675 million to $725 million, down from last year's $900 million, executives with the steelmaking firm said Tuesday.

The company has lowered its full-year 2023 capital expenditures expectation from its previous expectation of $700 to $750 million.