In the latest trading session, Cleveland-Cliffs (CLF) closed at $8.49, marking a -3.74% move from the previous day.
For years, “Made in America” has been a slogan that many investors and consumers viewed as having more style than substance. Consumers have said they want to buy from American companies, but many of those American companies source their products from other countries.
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 is transforming from a struggling steelmaker to a focused, cost-cutting auto steel leader, with major operational improvements underway. Aggressive cost reductions, facility closures, and a renewed focus on automotive steel position Cliffs for a sharp EBITDA rebound as tariffs boost domestic demand. The expiration of a loss-making slab contract and rising steel prices are set to drive free cash flow, and margin recovery in late 2025 and 2026.
Markets are always looking ahead. So, it was no surprise that steel stocks charged higher in 2021 and 2022 as Congress passed the Infrastructure Investment and Jobs Act (IIJA) in 2021.
CLF unveils a $150M stainless steel anneal line at Coshocton Works, boosting quality with hydrogen tech.
Cleveland-Cliffs (CLF) concluded the recent trading session at $7.33, signifying a -4.43% move from its prior day's close.
In the latest trading session, Cleveland-Cliffs (CLF) closed at $7.37, marking a -8.1% move from the previous day.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $7.54, denoting a -0.26% change from the preceding trading day.
Cleveland-Cliffs (CLF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren't high enough to help the U.S. industry.
There comes a time in every cycle for investors to start considering where the best odds of having a green year are, and it is all rooted in the way that the broader United States economy is headed next. Today, everyone might think that the cycle is still running hot as it has since the COVID-19 pandemic, when the system was flooded with low interest rates and newly printed money that needed to make its way through businesses and consumers alike.