Core Viewpoint - Cleveland-Cliffs Inc. is facing scrutiny for potential violations of federal securities laws following a disappointing financial report and operational changes [1][2]. Financial Performance - Cleveland-Cliffs reported an adjusted loss that was larger than expected for Q1 2025, with a year-over-year revenue decline of 11%, totaling $4.63 billion [2]. - The company's share price fell from $8.49 to $7.15 following the announcement of its financial results [2]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices experienced in late 2024 and early 2025 [2]. - Cleveland-Cliffs is repositioning its portfolio to focus more on the automotive industry, moving away from non-core markets such as rail, high-carbon sheet, and specialty plate products [2].

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NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Cleveland-Cliffs Inc. (“Cleveland-Cliffs” or the “Company”) (NYSE: CLF).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Cleveland-Cliffs and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class act ...

Ownership Trends - As of March 2025, Foreign Institutional Investors (FIIs) owned 18.1% of BSE 500 stocks, down from a peak of 22% in 2014, while Domestic Institutional Investors (DIIs) owned 17.2%, the highest in 18 years[7][11] - In Q1 2025, DIIs increased their ownership in large-caps to 18.2% from 17.8%, mid-caps to 15.2% from 14.9%, and small-caps to 14.1% from 13.4%[8][16] Sector Exposure - FIIs increased exposure to Financials while reducing it in Consumer Staples, Consumer Discretionary, Healthcare, and Technology[3] - Retail investors increased their ownership in small-caps to 13.6% from 13.4% but reduced it in large-caps to 7.7% from 7.8%[10] Crowding and Alpha Opportunities - Stocks with significant increases in institutional ownership have underperformed the market by -3.5% to -3.8% per annum since 2006, indicating crowding behavior[4][35] - Under-owned stocks have historically generated alpha of 1.2% to 3.6% per annum since 2006, suggesting potential investment opportunities[4][42] Industry Rotation Strategy - A strategy of going long on the three least crowded and short on the three most crowded industries has yielded 5% annualized returns since 2009, with a notable increase to 29% post-COVID[52][56] - In Q1 2025, the crowded industry cohort was down -12.2%, while the market was down -4.6%, highlighting the risks associated with crowded sectors[4][52] Current Market Insights - The least crowded industries currently include Media, Steel, and Energy, while the most crowded are concentrated in Financials, particularly Banking and Asset Management[4][54] - The retail investor class remains the largest in small-caps, owning 13.6% compared to mutual funds at 11.2% and FIIs at 11.4%[10]

Core Viewpoint - The Chinese silicon steel market is experiencing growth, with non-oriented silicon steel dominating production, accounting for 82% of the total output in the first half of 2024, while oriented silicon steel is also on the rise [1][3]. Group 1: Production and Market Trends - In the first half of 2024, China's silicon steel production reached 7.802 million tons, with non-oriented silicon steel production at 6.417 million tons and oriented silicon steel at 1.385 million tons [1]. - The total silicon steel production for 2024 is projected to exceed 15 million tons, maintaining a dominant share for non-oriented silicon steel [1]. - From 2019 to 2023, non-oriented silicon steel capacity increased from 10.96 million tons to 13.71 million tons, with a compound annual growth rate (CAGR) of 7.4% [3]. - Oriented silicon steel production grew from 1.78 million tons in 2019 to 2.96 million tons in 2023, with a forecast of 3.18 million tons for early 2024 [5]. Group 2: Company Developments - Major companies in the non-oriented silicon steel sector include Baosteel, Ansteel, and Taiyuan Iron & Steel, with Baosteel leading with a capacity of over 2 million tons, including 1 million tons of high-grade products [7]. - In the oriented silicon steel market, Baosteel also leads with a capacity of 1.16 million tons, while Wanfeng Electric is noted as the top private enterprise in this segment [7]. - Baosteel's production capabilities include a significant focus on high-grade and thin specifications, with ongoing expansions planned by companies like Shagang and New Steel [7][9].

Core Viewpoint - Cleveland-Cliffs Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and operational changes [1][3]. Financial Performance - Cleveland-Cliffs reported a larger than expected adjusted loss for Q1 2025, with a year-over-year revenue decline of 11% to $4.63 billion [3]. - The company's share price fell from $8.49 on May 7, 2025, to $7.15 on May 8, 2025, a decline of $1.34 per share [3]. Operational Changes - The company plans to fully or partially idle six steel plants due to negative impacts from underperforming non-core assets and lower index prices from late 2024 and early 2025 [3]. - Cleveland-Cliffs is repositioning its portfolio away from non-core markets, including rail, high-carbon sheet, and specialty plate products, and is focusing on the automotive industry [3].

NEW YORK, May 12, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Cleveland-Cliffs Inc. ("Cleveland-Cliffs" or the "Company") (NYSE: CLF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Cleveland-Cliffs and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On May ...

Group 1 - Steel exports continue to remain significantly above the monthly average of 9.2 million tons, indicating strong market performance [1] - Stable demand is supporting iron ore prices, suggesting potential for a market uptrend [1]

Investment Rating - The report does not explicitly state an investment rating for the steel industry Core Insights - The steel market is experiencing varied price movements across different regions, with the US showing the highest year-to-date price increase of 34% and Europe at 28% [3] - China's crude steel production increased by 18% month-on-month in March 2025, indicating a recovery from previous declines [3] - The report highlights that India is the main growth driver in steel production, with an 8% year-on-year increase [3] Global Prices - In April, hot-rolled coil (HRC) prices in Brazil declined by 1% month-on-month, while prices in China, Japan, and the US fell by 3%, 2%, and 2% respectively [3] - On a year-to-date basis, the highest price increases have occurred in the US (+34%) and Europe (+28%) [3][6] Regional Production Insights - China's crude steel production showed a year-on-year growth of 5% in March, recovering from earlier declines [3] - EU crude steel production rose by 16% month-on-month in March but remained flat year-on-year [3] - Latin America saw a 9% month-on-month increase in crude steel production in March, reverting to a 7% year-on-year growth [3] Price Performance - HRC price performance in various regions for April shows the following: EU at $745 (+7.6% month-on-month, +28% year-to-date), US at $1,020 (-2.1% month-on-month, +34.1% year-to-date), and China at $449 (-3.4% month-on-month, -4.7% year-to-date) [6] - Rebar prices in the EU increased by 6.3% month-on-month and 17% year-to-date, while in China, prices decreased by 4.3% month-on-month [13] Capacity Utilization - Global effective steel capacity utilization is reported at varying levels, with China showing a utilization rate of 91.6% in April 2025 [36] - The report indicates that spare capacity by region is significant, with China having the highest spare capacity at 80 million tonnes [25] Trade and Demand - The report notes an increase in flat steel demand, which is above last year's levels, indicating a positive trend in the market [55] - Long steel demand has also increased over the past two weeks, suggesting a recovery in this segment [59] Steelmakers' Profitability - The profitability of steelmakers is under pressure as HRC prices decreased by 3% month-on-month and rebar prices by 4% month-on-month in China [62] - The report highlights that the spreads for HRC and rebar have decreased, impacting overall profitability [66]

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Cleveland-Cliffs' (NYSE: CLF ) stock price performance has become a real pain point for me and my investment coverage here on Seeking Alpha, as CLF has been constantly underperforming the broader market even amid situations whenHe leads the investing ...