CLF Stock Recent News

President Trump's 25% tariffs on steel and aluminum are expected to benefit Cleveland-Cliffs, Nucor, and US Steel, with Cliffs poised for the largest gains. Cleveland-Cliffs' vertical integration, market leadership, and operational efficiency provide a competitive advantage, making it a compelling investment in the steel sector. CEO Lourenco Gonsalves' leadership and strong union relationships position Cliffs for growth, especially with the acquisition of Stelco and new transformer production.

Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

President Trump's recent tariff announcement on steel and aluminum imports has sparked a stock market rally among domestic metal producers, including Cleveland-Cliffs NYSE: CLF, Nucor Corporation NYSE: NUE and Alcoa Corporation NYSE: AA. Investor optimism regarding reduced foreign competition has fueled these gains.

President Donald Trump has announced plans to impose a 25% tariff on all steel and aluminum imports into the US, raising concerns about potential retaliation from trading partners. "He ran for election threatening a trade war.

Cleveland-Cliffs remains a Buy despite the failed U.S. Steel acquisition and falling steel prices, as fundamentals remain strong. The company's vertical model and Trump's 25% steel tariffs enhance competitiveness, particularly against foreign producers, offering long-term advantages. Financial results show a tough 2024 with a significant drop in steel prices, leading to negative cash flow and increased debt, but management remains optimistic.

Cleveland-Cliffs (CLF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

These stocks are worth keeping an eye on as President Trump has implemented a 25% tariff on imported steel and aluminum products.

Indexes mostly shrugged off +25% steel tariffs announced by President Trump; VRTX, LSCC report for Q4.

Bloomberg News Metals & Mining Reporter Joe Deaux joins Bloomberg Businessweek to discuss President Trump's plans to impose 25% tariffs on steel and aluminum imports. -------- More on Bloomberg Television and Markets Like this video?

Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to detail his strategy on one of his long-time stocks Cleveland Cliffs as the stock rallies today on Trump Tarriff news.