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In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs' participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG.
In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.
In the most recent trading session, Cleveland-Cliffs (CLF) closed at $11.35, indicating a +1.98% shift from the previous trading day.
Whenever investors think of how to get exposure to a stock's direction, they typically only think of buying or selling a stock. However, professionals tend to delve a bit deeper into their views through the use of stock options.
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?