Cleveland-Cliffs Inc is a leading iron ore mining company that specializes in the production and supply of iron ore pellets and other raw materials essential for steelmaking. With a focus on sustainable mining practices, the company operates various mining and processing facilities across the United States and Canada. Cleveland-Cliffs serves a diverse range of customers in the steel industry, offering high-quality iron ore products that support both domestic and international steel production. The company is committed to innovation and operational efficiency, aiming to meet the evolving demands of the market while prioritizing environmental stewardship. Read More
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.
Reports of a US-Mexico deal to remove steel tariffs sent CLF stock tumbling. Shares plummeted, reflecting investor fears of renewed and increasing foreign import competition.
The agreement will likely permit U.S. importers to bring in Mexican steel as long as the total shipments remain below a level based on historical trade volumes.
Shares of steel companies are moving lower in Tuesday's after-hours session following reports the U.S. and Mexico are nearing a deal that would remove the Trump Administration's tariffs on steel imports.
Steel tariffs are back, and Cleveland-Cliffs, Nucor, and Steel Dynamics are emerging as early winners. Tariffs benefit margins and ETFs like SLX and XME offer diversified exposure.
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims TechTarget, Inc. (NASDAQ:TTGT), SelectQuote, Inc. (NYSE: SLQT), GoHealth, Inc. (NASDAQ:GOCO), and Cleveland-Cliffs Inc. (NYSE:CLF). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
