CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) applauded today's action by the U.S. Department of Commerce to include as derivative products subject to Section 232 steel tariffs electrical steel laminations and cores, as well as certain stainless steel automotive exhaust parts. Following a recent determination under the U.S. Department of Commerce's new Section 232 tariff inclusi...
Not too long ago, Cleveland-Cliffs (CLF -1.86%) didn't make steel -- it was just a supplier to the steel industry. Then a series of huge acquisitions changed the story.
Cleveland-Cliffs (NYSE:CLF), a steel mill operator with vertical integration, has experienced a stock increase of 57% over the past month compared to a 4% rise in the S&P 500 Index. The upward trend in Cleveland-Cliffs' stock is significantly sharper than that of its competitors, including VALE (NYSE: VALE), which has increased by 13% in a month, ArcelorMittal (NYSE:MT), which is up 12%, and Nu...
Most investors can agree that the industrial sector's current state is one of neglect, as most of the attention (and capital) has shifted to the more exciting stories in the artificial intelligence race in today's market. This means that a potential rotation could be triggered in the future, no matter how vague this future may be.
One of the better-performing industrial stocks over the past few days has been storied steel maker Cleveland-Cliffs (CLF 4.86%). The company did better than expected in its second quarter.
Shares of Cleveland-Cliffs (CLF 7.04%) rallied 5.6% on Tuesday as of 2:26 p.m. ET.
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