Steel producer Cleveland-Cliffs announced it has completed its fifth annual Souper Bowl Food Drive across 50 of its operations and offices to address food insecurity in the local communities where the it Cliffs operates.

Company's Scrap Metal Inventories are Estimated to Surpass $6 Million in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff IncreasesDomestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep ClimbingExclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to EntryCHESAPEAKE, Va., Feb. 7, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced its scrap metal inventories are estimated to have surpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand.Strategic Inventory Accumulation Ahead of Tariff Hikes$GWAV's inventories surpass $6 million in estimated value driven by surging metal prices and increasing demand. Post this $GWAV's fleet of more than 50 trucks allows it to capitalize on market opportunities, swiftly fulfill customer orders during supply chain disruptions, and maintain a robust liquidity position. Greenwave's primary customers remit payment the same day as metal delivery, ensuring a steady cash flow.Since President Trump's election, Greenwave has been strategically accumulating high-value steel, aluminum, and copper, anticipating the potential for higher tariffs on imported metals. With domestic scrap steel prices surging significantly this week and expected to climb higher, the Company anticipates its revenue growth will continue to accelerate.Greenwave's primary customers remit payment the same day as metal delivery, ensuring a steady cash flow

Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say.