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 ...

Cleveland-Cliffs Inc. (CLF) shares have lost 19.6% in the past month, underperforming the Zacks Mining – Miscellaneous industry’s decline of 7.5%. The bearishness is partly due to the underlying challenges in the steel industry as reflected by the significant retreat in U.S. steel prices driven by a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simple moving average (SM ...

Cleveland-Cliffs Inc. (CLF) announced that it upsized and priced an additional $600 million in Senior Guaranteed Notes due 2032. This offering, exempt from registration under the Securities Act of 1933, features Additional Notes with an annual interest rate of 7%, issued at 99.25% of their principal amount. The Notes will be guaranteed on a senior unsecured basis by Cliffs’ key direct and indirect wholly-owned domestic subsidiaries, excluding certain subsidiaries.This upsized offering reduces the amount of ...

Cleveland-Cliffs (CLF) reported $5.09 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 14.9%. EPS of $0.11 for the same period compares to $0.69 a year ago. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-8944 CLEVELAND-CLIFFS INC. (Exact Name of Registrant as Specified in Its Charter) | Ohio | | | 34-1464672 | | --- | --- | ...