CLF Stock Recent News
CLF LATEST HEADLINES
In the most recent trading session, Cleveland-Cliffs (CLF) closed at $11.35, indicating a +1.98% shift from the previous trading day.
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Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss his strategy with Cleveland-Cliffs.
Lourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell: Overtime' to discuss the steel wars, the Biden Administration's plan to block U.S. Steel sale and more.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) applauded the reported decision by President Biden to officially block the foreign takeover of U.S. Steel by Japan's Nippon Steel. The Company provided the following statement from its Chairman, President and CEO, Lourenco Goncalves: “We commend President Biden and the U.S. government for its reported decision to block foreign ownership of U.S. Steel by Japan's Nippon Steel. The American steel industry plays a crucial role.
Seaport Research upgraded the steel maker's shares. It's more about external factors though.
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?
With the new contract, Cleveland-Cliffs (CLF) strengthens its partnership with the UAW for another four years.
The steel industry faces severe challenges, with falling prices and economic uncertainty, impacting global producers like Cleveland-Cliffs. Despite the downturn, Cleveland-Cliffs is making strategic moves, including the acquisition of Stelco, to strengthen its market position. These efforts, alongside cost-cutting and debt reduction, could lead to significant long-term gains, though the investment carries inherent cyclical risks.
While Cleveland-Cliffs (CLF) benefits from its vertically integrated footprint, competitive strength, cost-saving actions and the synergies of the Stelco buyout, a significant pullback in steel prices and declining earnings estimates cast a pall on its prospects.