We have just released a list of 10 stocks that are rising sharply today. In this article, we will examine how Cleveland-Cliffs Inc. (NYSE:CLF) compares to other stocks that are also experiencing significant gains. The stock market had a mixed performance on Wednesday, with the Dow Jones being the only index that fell, as investors processed additional news.
Lourenco Goncalves, Cleveland-Cliffs chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss outlooks on trade, strengthening domestic steel in the U.S., and more.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) has introduced a "Buy American" incentive for its almost 30,000 employees. In 2025, any employee who buys or leases a new vehicle made in America that contains a significant amount of Cliffs' steel will get a $1,000 cash bonus. Lourenco Goncalves, the Chairman, President, and CEO of Cliffs, expressed satisfaction in supporting President Trump's long-term goals.
Cleveland-Cliffs (CLF) finished the most recent trading session at $10.06, which is an increase of 0.2% compared to the previous day.
Cleveland-Cliffs (CLF) finished the most recent trading session at $10.06, which is an increase of 0.2% compared to the previous day.
Cleveland-Cliffs Inc. is set to experience several positive changes in 2025 due to a better overall economy and a brighter outlook for US manufacturing. The Section 232 tariffs could help the company by supporting prices and increasing sales if imports go down. Additionally, Cleveland-Cliffs might gain from nearshoring manufacturing, which could lead to more construction projects in the US.
Cleveland-Cliffs (CLF) shares dropped on Tuesday after the steel company announced disappointing fourth-quarter results, showing a decline in revenue and larger losses compared to the previous year.
The decrease in the volume of steel products and lower selling prices negatively impacted CLF's performance in the fourth quarter.
Cleveland-Cliffs (CLF) reported a quarterly loss of $0.68 per share, which is worse than the Zacks Consensus Estimate of a $0.65 loss. This is a significant increase compared to a loss of $0.05 per share from the same period last year.
Pippa Stevens from CNBC appears on 'Closing Bell Overtime' to discuss the quarterly results of Cleveland-Cliffs.