CLF Stock Recent News

Shares of U.S. steelmaker Cleveland-Cliffs (CLF -16.90%) plunged 16.9% on Thursday, which was significantly worse than the 4.8% plunge experienced by the S&P 500 index.

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.