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Nucor and Steel Dynamics shares are pulling back after Q3 guidance missed estimates, but higher steel prices, strong backlogs, and wide margins support analysts' bullish price targets.
Cleveland-Cliffs (CLF) concluded the recent trading session at $12.07, signifying a -3.44% move from its prior day's close.
Cleveland-Cliffs Inc. recently confirmed a US$1.00 billion modernization program for its Middletown Works steel facility in Ohio, supported by a US$500.00 million award from the U.S. Department of Energy, to be deployed over four years while keeping production online. This rescoping of a prior decarbonization initiative highlights Cleveland-Cliffs’ focus on updating legacy operations and improving the sustainability profile of one of its key U.S. plants. Next, we’ll examine how this US$1.00...
The latest trading day saw Cleveland-Cliffs (CLF) settling at $12.5, representing a -2.04% change from its previous close.
CMC's TAG program targets higher margins, cash flow and ROIC, with gross EBITDA benefits expected to exceed $350 million by fiscal 2027.
Shares of Steel Dynamics and Nucor each declined Friday as the two steel manufacturers issued quarterly guidance that was below Wall Street expectations even as U.S. steel prices have advanced significantly over the past 12 months. Steel Dynamics stock fell 3.8% to $235.97 on Friday after ending Thursday up 3%. Nucor stock, meanwhile, dropped 4.8% to $252.62 and was one of the worst-performing components in the for the trading session.
Steel Dynamics (STLD) expects third-quarter earnings to rise amid higher steel shipments and strong
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
Steel and materials markets fluctuated between rallies and pullbacks as the US-Canada trade relationship shifted from near agreement to open dispute. Nucor Corporation (NYSE:NUE) and Cleveland-Cliffs Inc. (NYSE:CLF) rose on August 25, after discussions between the two countries broke down, a turnaround from the week before, when several of the same stocks fell on hopes that […]
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $12.28, denoting a -1.13% move from the preceding trading day.
The aerospace maker plans to resume contractual talks after Labor Day. Meanwhile, U.S. Steel and Cleveland-Cliffs agreed to extend their steelworker contracts by 30 days.
CMC's core EBITDA surges y/y in the first nine months of fiscal 2026, aided by acquisitions, margin expansion and TAG Program benefits.
The VanEck Steel ETF and State Street Materials Select Sector SPDR swung sharply last week as U.S.-Canada tariff tensions escalated
Cleveland-Cliffs (NYSE: CLF) secured U.S. Department of Energy support to finalize a major co-funded investment at its Middletown Works facility. The project includes advanced technological upgrades and a new cogeneration facility aimed at improving energy efficiency and operational reliability. The agreement is expected to have a significant employment impact at Middletown Works and supports Cleveland-Cliffs' broader sustainability goals in steel production. Cleveland-Cliffs is only one...
Cleveland-Cliffs Inc. (NYSE:CLF) announced on August 21 that the U.S. Department of Energy (DOE) established a framework to finalize negotiations for its Middletown Works investment. The optimization project represents a $1 billion total investment in the facility, with funding shared equally between Cleveland-Cliffs and the DOE through a rescoped $500 million grant. The project will […]
Tariff policy is boosting domestic steel and manufacturing stocks, with Nucor, Cleveland-Cliffs, and PACCAR positioned to benefit from reduced foreign competition and rising demand.
Cleveland-Cliffs (CLF) closed the most recent trading day at $11.52, moving +1.95% from the previous trading session.
Carpenter Technology's $400M brownfield expansion is on track to boost capacity, supporting its $1.2-$1.3B FY29 operating income target.
This steelmaker sent a fortune back to its owners, but the stock went nowhere. Here’s the paradox of the payout, and what it means now.
Trade talks between the U.S. and Canada collapsed in the 11th hour Friday, renewing fears of an all-out trade war as new tariffs went into effect over the weekend. Ford and Stellantis shares slipped Monday after President Trump announced a 50% tariff on automobiles and auto parts from Canada come January.
Trump’s Canada tariff threat hit Detroit broadly, but Stellantis has the most awkward plant problem sitting right in the middle of it.
The move walks back a previous plan to replace the facility’s coal-powered infrastructure with low-emissions technology funded by federal tax dollars, environmental groups said.
Cleveland-Cliffs (NYSE:CLF) shares gained 2. 0% in pre-market trading to $11.
Nucor, Steel Dynamics, Cleveland-Cliffs and Century Aluminum could be winners from U.S.-Canada trade talks breaking down. Last week those stocks tumbled on the prospect of a Canada trade deal that would lower U.S. tariffs on steel and aluminum. New 50% tariffs on a $20 billion worth of Canadian goods, including liquor, electrical equipment and hockey gear, took effect on Saturday.
Cleveland-Cliffs (CLF) has drawn fresh investor attention after outlining a US$1b modernization of its Middletown Works plant, supported by a US$500m Department of Energy grant and aimed at cleaner, more efficient automotive-grade steel production. See our latest analysis for Cleveland-Cliffs. Cleveland-Cliffs shares recently reacted to the Middletown Works announcement, with a 1-day share price return of 4.93% and a 30-day share price return of 19.26%, while the year-to-date share price...
Investing.com -- New 50% U.S. tariffs on about $20 billion of Canadian goods took effect Saturday after last-minute trade negotiations collapsed, prompting Canadian Prime Minister Mark Carney to pledge matching retaliation, Bloomberg reported.
Cleveland-Cliffs has delivered a decline of 53.8% over the past five years, yet both its Discounted Cash Flow (DCF) intrinsic value estimate and market multiples currently point to the stock trading at an undervalued level compared with those frameworks. The share price has fallen 53.8% over five years, which means long term holders have taken a heavy hit even though the current valuation work suggests a discount to intrinsic value. The planned US$1b upgrade at the Middletown Works plant,...
Federal backing lowers the cost of a major steel upgrade
Vice President J.D. Vance visited Cleveland-Cliffs’ Middletown Works in Middletown, Ohio, on Friday, touting America’s manufacturing renaissance. Shares of the steel maker were up 4.8% in late trading at $11.26, while the was up 0.5%. The move came after the company announced it was modifying an investment plan partly funded by the Energy Department.
Cleveland-Cliffs stock rallies on plans of $1 billion investment in Middletown Works facility. Here’s why the announcement is bullish for CLF shares.
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