CLF Stock Recent News
CLF LATEST HEADLINES
Cleveland-Cliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Cleveland-Cliffs (CLF) reachead $8.10 at the closing of the latest trading day, reflecting a -1.46% change compared to its last close.
President Donald Trump's fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in steel, aluminum, and copper.
While CLF benefits from its vertically integrated footprint, cost-saving actions and the Stelco buyout, weaker prices cast a pall on its prospects.
Cleveland-Cliffs (CLF) reachead $9.29 at the closing of the latest trading day, reflecting a -1.38% change compared to its last close.
Iron & steel stock Cleveland-Cliffs Inc (NYSE:CLF) was last seen down 3.5% at $9.20, after news broke that the steel producer will temporarily idle two Minnesota facilities.
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
Cleveland-Cliffs (CLF) closed the most recent trading day at $9.56, moving -1.24% from the previous trading session.
Cleveland-Cliffs has underperformed, dropping 26% since my initial "Buy" rating, but I maintain my stance due to recent positive trends. Q4 2024 saw the lowest steel demand since 2010, but financial improvements and a strong order book signal a potential turnaround. The inclusion of Stelco and rising HRC prices could significantly boost CLF's revenues, potentially exceeding market expectations.
The tariffs will allow U.S. steel stocks like NUE, STLD, CLF and X to capitalize on higher prices and reduced competition against cheaper imported steel.