Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco. The transaction is expected to finalize by the fourth quarter of 2024. ...

Cleveland-Cliffs (CLF) closed the latest trading day at $12.99, indicating a +1.72% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.93%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq lost 1.53%. Shares of the mining company have depreciated by 2.22% over the course of the past month, underperforming the Basic Materials sector's gain of 4.73% and the S&P 500's gain of 2.17%. Investors will be eagerly watching for the performance of ...

Cleveland-Cliffs (CLF) closed the most recent trading day at $12.25, moving -1.45% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq added 0.04%.The mining company's stock has dropped by 11.53% in the past month, falling short of the Basic Materials sector's gain of 3.7% and the S&P 500's gain of 1.95%.Market participants will be closely following the financial results of Cleveland-Cliffs in its up ...

Cleveland-Cliffs Inc. (CLF) recently said that it remains entirely committed to the transformational project taking place at its Middletown Works integrated facility in Middletown, OH. CLF was selected for award negotiations for up to $500 million in total funding from the Department of Energy to replace its Middletown blast furnace with a Direct Reduced Iron plant and two Electric Melting Furnaces. It is still in active negotiations with the Department of Energy about the award-specific terms and condition ...

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%.  But you know the saying about the best-laid plans? Any economic benefits to tariffs for U.S. companies require playing a long game in a world where the time between election cycles (and policy changes) is breathtakingly short.  However, there was some evidence that the tariffs imposed on Chinese st ...

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%.  But you know the saying about the best-laid plans? Any economic benefits to tariffs for U.S. companies require playing a long game in a world where the time between election cycles (and policy changes) is breathtakingly short.  However, there was some evidence that the tariffs imposed on Chinese st ...

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. These options give traders the advantage of leverage to bet on a stock’s move. However, this benefit does come at a cost.Options have an expiration date, which means if the trader gets either the timing or the direction of the stock wrong, then he stands to lose most—if not all—of w ...

It has been about a month since the last earnings report for Cleveland-Cliffs (CLF) . Shares have lost about 21.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Cleveland-Cliffs due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Cleveland-Cliffs’ Q2 Earnings Top ...

Cleveland-Cliffs Inc. (CLF) has stated that its employees, represented by the United Auto Workers ("UAW") Local 600, approved a four-year labor deal for its Dearborn Works operations. The new deal is in effect until Jul 31, 2028, and will cover about 1,000 UAW-represented workers at Dearborn.This equitable agreement at Dearborn is an example of the company's strong commitment to a collaborative relationship that benefits both employees and CLF as a whole. The company has strengthened its partnership with th ...

BreakingTheWalls Introduction The steel industry is not in a great place right now. Here are some of the latest headlines from Bloomberg, which show a wide range of issues, including problems in China, warnings of a "severe industry crisis," and plummeting iron ore sales: Bloomberg Using China, the world's biggest steel producer, as an example, margins haven't been this bad since the global manufacturing/commodity recession in 2015! Bloomberg Back then, China rescued its steel industry through massive ...