Cliffs(US:CLF) CNBC Television·2025-10-21 18:28Company Performance & Outlook - Cleveland Cliffs' narrative is shifting from a company with a highly levered balance sheet to one with improving prospects [3] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came in better than expected [10] - The company anticipates continued tariffs due to national security concerns [11] Demand & Contracts - Auto demand is picking up, representing one-third of Cleveland Cliffs' business [4] - The company has signed favorable contracts with major OEMs (Original Equipment Manufacturers) for the next two to three years [4] - Cleveland Cliffs has signed a memorandum of understanding with an international steel company to leverage idle assets [5] Government & Strategic Initiatives - The company received a $400 million order from the Department of War for grain-oriented electrical steel for a national strategic stockpile [11][12] Stock Analysis - Wells Fargo downgraded the stock to underweight due to "excess exuberance" [2] - The 200-day moving average is trending upwards, and the 50-day is soaring [6] - The recent stock drop is viewed as filling a gap that formed previously [7]