Latest news with #Cleveland-Cliffs
Yahoo
10 hours ago
- Business
- Yahoo
Why Cleveland-Cliffs Stock Was a Massive Winner in June
President Trump doubled down on his steel tariff for exporters, benefiting domestic manufacturers. He's proven to be flexible about the levies, however, so the one for steel might not be that sturdy. 10 stocks we like better than Cleveland-Cliffs › June was a banner month for American steel producer Cleveland-Cliffs (NYSE: CLF). It received much investor attention after President Trump signed an executive order doubling tariffs on steel coming into this country, a move that will directly and clearly benefit Cleveland-Cliffs if it holds. Over the month, investors clearly bet it would, and traded the company's stock more than 30% higher. Trump's latest steel tariff was actually imposed weeks before the so-called "Liberation Day," when a clutch of duties on imports was announced. On Feb. 10, the president reinstated a 25% levy on all foreign steel, a tariff regime that he had originally set during his first term in office in 2018. In the opening days of June, Trump quite literally doubled down on the steel tariff, resetting it to 50%; it took effect on June 4. As if such a high rate weren't punitive enough, the White House said in a statement that foreign importers of the metal would be required to follow "strict reporting of steel and aluminum content, with tough penalties like fines or loss of import rights for violators." So it's little wonder that investors were so keen to pile into Cleveland-Cliffs, the Ohio-based steelmaker with roots stretching back to the mid-19th century. A major impetus behind Trump's aggressive tariff regime is to encourage American manufacturing, and Cleveland-Cliffs -- the largest producer of flat-rolled steel in this country -- is a prime candidate. The company could use the help, too. Annual revenue has fallen in each of the past two years, with the bottom line landing deeply in the red (at $754 million, on nearly $19.2 billion in revenue) in 2024. Cleveland-Cliffs has also been unprofitable in four of its last five quarters. Not all tariff-related news was beneficial for the company (or the broader American steel industry, while we're at it). Mere days after Trump raised that steel levy, a Bloomberg reported citing unnamed "people familiar with the matter" stated that U.S. and Mexican officials were close to a deal that would reduce that 50% steel tariff on that country's manufacturers. In this most recent trade war, Trump has shown a willingness to reduce levies in negotiations with certain partner nations overseas. So investors shouldn't have all that much confidence the current steel regime will stick -- 50% is an awfully high number, after all. If it were to melt away to any significant degree, or if countries like Mexico successfully negotiate exemptions, Cleveland-Cliffs would lose that hard-to-beat competitive advantage. With its loss-making ways in the recent past, that might not be the most healthy development for the company's stock. Before you buy stock in Cleveland-Cliffs, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cleveland-Cliffs wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Cleveland-Cliffs Stock Was a Massive Winner in June was originally published by The Motley Fool
Business Wire
23-06-2025
- Business
- Business Wire
Cleveland-Cliffs to Announce Second-Quarter 2025 Results and Host Conference Call on July 21
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its second-quarter 2025 earnings results before the U.S. market open on Monday, July 21, 2025. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on the same morning, July 21, 2025, at 8:30 am ET. The call can be accessed at and will also be archived and available for replay at that address. About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 30,000 people across its operations in the United States and Canada. For more information, visit
Business Wire
20-06-2025
- Business
- Business Wire
Cleveland-Cliffs Celebrates the Start-Up of New $150 Million Stainless Bright Anneal Line at Coshocton Works in Ohio
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced the commissioning of its new state-of-the-art Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio. This $150 million capital investment has been completed and will supply premium stainless steel for high-end automotive and critical appliance applications. The new annealing line uses a 100% hydrogen atmosphere, replacing the conventional acid-based processing, and includes a hydrogen recovery unit to recycle hydrogen and use a 50/50 mix of new and used hydrogen in the process. To mark the opening, a ribbon cutting ceremony will be held on Wednesday, July 2 at 11:00 a.m. ET at Cliffs' Coshocton Works facility. The event will be attended by key elected officials along with Cleveland-Cliffs' executives, employees, and key customers. Lourenco Goncalves, Cliffs' Chairman, President and CEO said: 'Since acquiring AK Steel in 2020, our stainless steel business has been the most consistent profit generating unit for Cleveland-Cliffs. This new line at Coshocton only enhances that, with an expected quick payback on this major investment. By using hydrogen and advanced automation, we're dramatically improving the quality and productivity of this critical product that our customers rely upon Cleveland-Cliffs for. As we embrace the new competitive landscape in the domestic steel industry, our profitability prospects are only getting stronger.' About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 30,000 people across its operations in the United States and Canada. For more information, visit
Yahoo
19-06-2025
- Business
- Yahoo
Why Cleveland-Cliffs (CLF) Dipped More Than Broader Market Today
In the latest close session, Cleveland-Cliffs (CLF) was down 4.43% at $7.33. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.13%. Heading into today, shares of the mining company had gained 3.37% over the past month, outpacing the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6%. The investment community will be paying close attention to the earnings performance of Cleveland-Cliffs in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.57, reflecting a 618.18% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.96 billion, indicating a 2.57% downward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.54 per share and revenue of $19.46 billion, which would represent changes of -110.96% and +1.44%, respectively, from the prior year. Any recent changes to analyst estimates for Cleveland-Cliffs should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 44.58% lower within the past month. At present, Cleveland-Cliffs boasts a Zacks Rank of #3 (Hold). The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
Cleveland-Cliffs (CLF) Jumps, Benefits From UK Steel Imports
Cleveland-Cliffs Inc. (NYSE:CLF) is one of the . Cleveland-Cliffs rallied by 4.92 percent on Tuesday to finish at $7.67 apiece as investor sentiment was boosted by President Donald Trump's decision to keep tariffs on UK steel imports. At the sidelines of the G7 summit in Canada, President Donald Trump threatened to keep 25 percent duties on some or all of its steel imports from the UK unless it gives specific guarantees over the Indian-owned steelmaking plant at Port Talbot in South Wales. 'There's further work to do in relation to steel, but we're getting on and doing that work,' said UK Prime Minister Keir Starmer. A welder in a hardhat soldering steel plates to a blueprint plan. Duties on imported steel and aluminum products make domestic manufacturers such as Cleveland-Cliffs Inc. (NYSE:CLF) more appealing to customers as it may bolster demand for their products, support competitive pricing for locally-produced goods, and further reduce competition with international producers. Cleveland-Cliffs Inc. (NYSE:CLF) is a US-based steel and iron ore manufacturer based in Cleveland, Ohio. While we acknowledge the potential of CLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
