Why Cleveland-Cliffs Stock Crashed Today

Group 1 - Cleveland-Cliffs shares fell as much as 25% following a disappointing fourth-quarter report, despite a previous 50% increase over the past six months [1][2] - The company reported flat fourth-quarter sales, while analysts had anticipated a mid-single-digit increase, and the quarterly loss exceeded expectations [2] - CEO Lourenco Goncalves expressed optimism, highlighting improvements such as multi-year contracts with major automotive customers and reduced unit costs [3] Group 2 - Cleveland-Cliffs expects shipment volume to increase approximately 3.4% in 2026, aligning with positive comments from peer steelmaker Nucor regarding robust demand [3] - The company is pursuing a strategic partnership with South Korea's POSCO, which may influence investor sentiment moving forward [4]