CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs†) announced today that it intends to offer to sell, subject to market and other conditions, an additional $200 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2034 (the "Additional Notes†) in an offering (the "Additional Notes Offering†) that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act†). The Additional Notes will be an issuance of Cliffs' existi. ...

Group 1: Strategic Corporate Holdings - The Trump administration has established a portfolio of strategic corporate holdings, focusing on critical supply chains in semiconductors, rare earths, lithium, and steel [1] - Washington holds a 10% equity stake in Intel, 15% in MP Materials, 10% in Lithium Americas, and 10% in Trilogy Metals [1] Group 2: Specific Investments and Performance - The 10% stake in Intel was acquired through the CHIPS Act deal, which also includes a five-year warrant to buy an additional 5% at $20 per share if Intel loses majority control of its foundry business; Intel's stock has increased by over 50% since the deal [3] - The 15% stake in MP Materials resulted from a Department of Defense partnership, leading to a 60% increase in MP shares [3] - Lithium Americas is linked to a $2.26 billion federal loan restructuring for its Thacker Pass mine, with the stock up 20% since October 1 [4] - The investment in Trilogy Metals was supported by a $35.6 million investment for exploration in Alaska, with TMC stock soaring over 215% in after-hours trading following the news [5] Group 3: U.S. Steel Corporation - The Trump administration owns a "golden share" in U.S. Steel Corporation, granting veto rights over strategic decisions, secured during Nippon Steel's takeover [2][6] - This ownership ensures U.S. control over the headquarters location, production facilities, and domestic operations of U.S. Steel [6]

Core Viewpoint - The Trump administration has taken direct ownership stakes in five major publicly traded companies as part of a national security strategy aimed at securing domestic supply chains for semiconductors, critical minerals, and steel [1]. Group 1: Government Acquisitions - The government acquired a 10% stake in Intel Corp. (NASDAQ: INTC), a 15% stake in MP Materials (NYSE: MP), a 10% stake in Lithium Americas Corp. (NYSE: LAC), a 10% stake in Trilogy Metals Inc. (NYSE: TMQ), and a "golden share" in US Steel Corporation [2]. - The investment in Intel was facilitated by converting previously awarded CHIPS Act grants into a $5.7 billion investment, aimed at preventing a potential spinoff of Intel's unprofitable foundry business [9]. - The Department of Defense acquired a 15% stake in MP Materials, which operates the only fully integrated rare earth mining and processing facility in the U.S. [9]. Group 2: Company Performance - Intel's stock rose nearly 47.54% from $24.80 on August 22 to $36.59 by October 6 [9]. - MP Materials' stock increased by 64.77%, from $45.11 to $74.33, since the acquisition on July 11 [9]. - Lithium Americas' stock advanced by 20% from $7.04 to $8.45 following the government's stake acquisition on October 1 [9]. - Trilogy Metals' stock surged 215.30% in after-hours trading following the announcement of a $35.6 million investment [10]. Group 3: Strategic Implications - The acquisition of a "golden share" in US Steel grants the U.S. government permanent veto authority over key corporate decisions, reflecting a unique arrangement in corporate governance [13]. - The administration is considering further investments in major defense contractors, indicating a potential expansion of this strategy [11].

Core Viewpoint - U.S. trade tariffs, while seen as a hurdle by many investors, are benefiting domestic firms in the basic materials sector, particularly in steel, due to increased local production and a trend towards onshoring [1] Group 1: Cleveland-Cliffs Inc. (CLF) Investment Potential - Cleveland-Cliffs Inc. has recently reached a new 52-week high, indicating significant upside potential that is not fully priced in [2] - The inclusion of electrical steel and stainless steel derivative products in Section 232 has made imports of these metals more expensive, allowing Cleveland-Cliffs to capture market share [2] - The current steel prices are near a five-year low, and with the Federal Reserve cutting interest rates, a new bull market cycle for commodities may be on the horizon [3] Group 2: Demand and Financial Outlook - As business and consumer spending recover due to lower interest rates, steel demand is expected to rise, benefiting Cleveland-Cliffs and leading to improved margins and earnings per share [4] - Analysts forecast a significant improvement in Cleveland-Cliffs' EPS, projecting a swing from a net loss of 50 cents to a 17-cent EPS by the second quarter of 2026 [5] Group 3: Market Performance and Institutional Support - Cleveland-Cliffs' stock has surged by 19.1% in the past month, outperforming the S&P 500 by over 15%, indicating strong investor support [6] - The company reported a record 4.3 million tons of steel shipments, showcasing the positive impact of tariffs on domestic demand [7] - State Street increased its holdings in Cleveland-Cliffs by 20.2% in August 2025, reflecting strong institutional confidence in the company's prospects [8] Group 4: Market Sentiment and Short Interest - The short interest in Cleveland-Cliffs has declined by 3.3% over the past month, suggesting potential bearish capitulation amid tariff uncertainties [9] - The company's role in the onshoring of various industries and the increased market share from Section 232 inclusion make it an attractive option for investors seeking a favorable risk-to-reward ratio [9]

Group 1 - Pohang, a South Korean city, is closely associated with steelmaking, similar to Pittsburgh [1] - The local steel industry in Pohang is currently struggling [1] - U.S. levies have significantly impacted the steel industry in Pohang [1]

Core Points - Metallus has reached a tentative agreement with the United Steelworkers Local 1123 for a new four-year contract [1][2] - The agreement aims to ensure competitive wages and benefits for approximately 1,200 bargaining employees at the Canton, Ohio operations [2] Company Overview - Metallus (NYSE: MTUS) specializes in high-performance specialty metals, manufacturing components, and supply chain solutions [1][3] - The company has been in the business of producing high-quality steel for over 100 years and employs around 1,850 people [3] - In 2024, Metallus reported sales of $1.1 billion, indicating a strong market presence [3]

It seems that the European Union is fighting back when it comes to steel tariffs. They've raised their own levies to 50%. Is this the sort of escalation that precedes negotiation when you're dealing with President Trump.I mean, you know, I think that that's a fair argument there. You know, I mean, if you're looking potentially at sort of how other nations or other blocs and such have kind of tried to approach these types of tariffs, I mean, look at China, for example, which is kind of raising its own. What ...

Core Viewpoint - Thyssenkrupp has terminated its joint venture discussions with EP Group, focusing instead on Naveen Jindal's acquisition offer for Thyssenkrupp Steel Europe [1][2]. Group 1: Joint Venture Cancellation - Thyssenkrupp AG and EP Group mutually agreed to end discussions regarding a potential equal joint venture for Thyssenkrupp Steel Europe [1]. - EP Group will return its 20% stake in Thyssenkrupp Steel Europe and receive reimbursement for the purchase price paid [2]. Group 2: Jindal's Acquisition Bid - Naveen Jindal's firm, Jindal Steel International, has made an unsolicited bid for Thyssenkrupp Steel Europe, now facing no competition following the cancellation of the joint venture [3]. - The bid amount remains undisclosed, but Jindal Steel International has pledged €2 billion to support decarbonization efforts in Germany, including the completion of a direct reduced iron (DRI) plant [4]. Group 3: Company Sentiment and Future Plans - The mood at Thyssenkrupp is positive following the news of Jindal's bid, with executives and employees expressing excitement [5]. - A delegation led by Naveen Jindal is scheduled to visit Germany for further discussions regarding the acquisition and post-acquisition strategy [5]. Group 4: Potential Impact of the Acquisition - If successful, Jindal would establish a strong European presence, managing close to 25 million tonnes per annum (mtpa) of steel capacity, including 10 mtpa from Jindal Steel Ltd in India [6]. - This acquisition would position Jindal Steel as the third Indian steelmaker to develop a significant manufacturing base in Europe, following Tata Steel and ArcelorMittal [8]. Group 5: Leadership and Negotiation Team - The acquisition efforts are being led by Venkatesh Jindal, the 29-year-old heir apparent, alongside Naveen Jindal and other senior executives [7].

Group 1: Collaboration and Industry Focus - Nucor Corporation has entered into a collaboration with The Nuclear Company to revitalize the domestic nuclear supply chain and enhance U.S. manufacturing capacity [1][9] - The initiative aims to promote steel materials and manufacturing that meet the stringent American Society of Mechanical Engineers' NQA-1 certification standard [3] - This collaboration follows executive orders aimed at expanding U.S. nuclear capacity, targeting 400 GW of nuclear reactors by 2050, including 10 large-scale reactors by 2030 [3] Group 2: Industry Challenges - The U.S. nuclear sector supply chain has been weakened as China and Russia have aggressively expanded their reactors and exported technology [4] - The U.S. Department of Energy reported a lack of large forges to produce gigawatt-scale reactor vessels, and the number of American facilities certified to produce commercial nuclear-grade components has decreased by over 40% in the past three decades [4] Group 3: Earnings Guidance and Market Outlook - Nucor has provided third-quarter 2025 earnings guidance in the range of $2.05 to $2.15 per share, indicating a sequential decline but year-over-year growth [5] - Steel Dynamics expects third-quarter earnings to improve, forecasting a range of $2.60 to $2.64 per share, driven by strong shipments and declining scrap raw material costs [6] - Cleveland-Cliffs revised its full-year 2025 guidance, projecting capital expenditures of approximately $600 million and targeting steel unit cost reductions of about $50 per net ton compared to 2024 [7] - ArcelorMittal anticipates softer demand in the U.S. for flat steel consumption, projecting a decline of 2.0% to 0% in 2025, while demand outside China is forecasted to rise by 1.5-2.5% [8]

Algoma Steel Group extended this week’s share decline Thursday after the Canadian steelmaker said it expects to post an earnings loss in its third quarter amid shrinking steel shipments https://t.co/g8ZQMTrV8D ...