Cleveland-Cliffs Inc

Steel stocks have bounced back and Cleveland-Cliffs (CLF) and U.S. Steel (X) look strong this week. Is there more upside left in the stocks?

CLF released its second-quarter earnings on July 22. The stock fell sharply on the earnings miss. Should you buy or sell the stock now?

Cleveland-Cliffs stock has come off its highs. Why is the stock falling and will it go back up on pumping from Reddit group WallStreetBets?

CLF is the latest entrant to the Reddit group WallStreetBets. What's the forecast for CLF stock and how high can it go in the short squeeze?

Recently, Wall Street analysts downgraded the buy rating on Cleveland-Cliffs stock. Now, they recommend holding Cleveland-Cliffs.

Rio is the largest owner and operator of autonomous—driverless—trucks in the world. These initiatives are part of Rio’s “Mine of the Future” program.

Cleveland-Cliffs (CLF) stock is scheduled to post its earnings on April 22. What is CLF stock's forecast and will it rise after the earnings?

Recently, X and CLF upgraded their earnings guidance due to strong end market demand and rising U.S. steel prices. Is there more upside to these stocks?

Cleveland-Cliffs (CLF) stock has lost 23 percent in the last few days. Looking at its future prospects, is CLF a good stock to buy now?

AK Steel is working towards stable margins throughout the business cycle. AK Steel has deliberately lowered its exposure to spot markets (X) (CLF).

In March 2018, President Donald Trump imposed a tariff of 25% on steel imports. What’s happened since?

AK Steel (AKS) reported adjusted EBITDA of $69.2 million in 3Q17, compared with $142 million in 2Q17 and $157 million in 3Q16.

BHP had been contemplating whether to sell the non-core assets or go for a demerger. Finally, the company decided in favor of a demerger on August 15. The proposed company will likely have assets in the range of $12–$20 billion.

Iron ore prices are down 19% year-over-year (or YoY) and coal prices are down 30% YoY—volumes were also down YoY, but the stock rallied 7% in a single trading session the next day of the earnings call and up 3% the subsequent trading day.

While US steel prices rose to a high of $660 per ton in March 2017, they fell to $580 per ton in June.

China has been reeling under its overcapacity in the steel industry. In 2016, China planned to cut 45 million tons but wound up cutting 80 million tons.

China imported 92 million tons of iron ore in January 2017—a growth of 12.0% YoY and 3.4% month-over-month.

On July 31, 2017, Cliffs Natural Resources (CLF) announced a tender offer for a $575.0 million aggregate principal amount of its 5.75% guaranteed notes due in 2025.

In this series, we’ll see what investors could expect from Cliffs Natural Resources’ (CLF) 2Q17 earnings report. CLF stock has gained 23% in the last 15 trading days.

Among the stocks under review in this series, Vale SA (VALE) has given the highest trailing-three-month return of 36.4%, while Rio Tinto (RIO) has generated the lowest return of 15.4%.

Iron ore makes up 38% of BHP Billiton’s (BHP) revenues and 42% of its EBITDA.

China’s (MCHI) iron ore port inventory is a key indicator that reflects the commodity’s supply-and-demand balance.

Iron ore price realization In 4Q16, Vale’s (VALE) ferrous division accounted for ~85.0% of its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization). The company’s EBITDA for ferrous minerals came in at $4.1 billion, which was $1.6 billion higher than 3Q16. Higher realized prices and higher sales volumes led to these rises. The CFR […]

“Backwardation” occurs when futures contracts trade below the spot price, and the futures curve begins to downward slope. This means that the market expects further decline in iron ore prices based on current indicators and fundamentals.

Among the US steel players (SLX), only Cliffs and U.S. Steel are trading at a discount to their respective last five-year average multiples.

BHP’s underlying net profit of $3.2 million was a solid improvement, as compared to the profit of $412 million in 4Q15.

For companies in cyclical industries such as steel and mining, the EV-to-EBITDA multiple is the preferred valuation metric.

Contrary to what was suggested by many market participants, the iron ore imports by China increased in September 2016 instead of declining.

The United States is the world’s largest net steel importer. The country’s net steel imports totaled 21.7 million metric tons last year.

Steel prices are the major driver of steelmakers’ earnings and revenues. So it’s important for steel investors and Cleveland-Cliffs (CLF) investors to track the trend in steel prices.

For a long time, US steel producers blamed Chinese steel exports for depressing prices. However, Chinese exports have fallen sharply this year.

Although US steel producers have trade protections in the form of the Section 232 tariffs, the global steel pricing environment still affects US steel prices.

US steel demand has fallen sharply due to the COVID-19 pandemic. The automotive sector will start resuming operations, which should support demand.

The AISI asked the Trump administration to classify the steel industry as “essential.” The industry wants to continue production despite the coronavirus.

CLF reported its fourth-quarter earnings on February 20 before the markets opened. The company generated revenues of $534 million in the quarter.

Overall, 2019 was a mixed year for US steel stocks. However, due to the rally in the fourth quarter, most stocks managed to close the year with gains.

U.S. Steel stock (X) has underperformed peers so far in 2019. Notably, it’s the only leading US steel name that’s trading with a YTD (year-to-date) loss.

In this overview article, we’ll see how analysts are rating the leading steel stocks, and we’ll also compare performance from the top five steel companies.

Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.

Valemax ships are ultra-large vessels, capable of carrying 400,000 dwt (dead weight tons) each. That’s 2.3 times more than traditional Capesize ships. They also emit 35% less CO2 per ton of ore transported.

Vale SA (VALE) is a Brazilian multinational diversified metals and mining company. It is the world’s largest producer of iron ore and iron ore pellets and the world’s second-largest producer of nickel.

Although there hasn’t been any recent cause for concern, and the government doesn’t interfere in the day-to-day workings of Vale, there’s always a risk that the company could be pushed into pursuing objectives that aren’t in the best interests of all shareholders.

Vale SA offers technical assistance to its customers and operates sales support offices in several cities. These offices monitor customer requirements and ensure timely deliveries.

Realized prices for iron ore vary depending on quality, moisture content, freight costs, and pricing mechanisms. ROM sales reduced Vale’s realized price by about $6 per ton in 2013.

Currently, the the private sector is leading significant expansion and major rehabilitation of Mozambique’s infrastructure. Vale itself is investing in the development of the Nacala infrastructure project.

Overall, BHP reported mixed 2Q15 results. It recorded a 9% production increase during the December 2014 half-year.

Cliffs Natural Resources’ (CLF) estimation for the 2015 annual capital expenditure, or capex, is $125–$150 million.

Cleveland-Cliffs (CLF) and U.S. Steel (X) stocks have underperformed markets this year. However, U.S. Steel has been strong in November.

In today’s Get Real, we saw Apple Watch’s performance and another loss for Boeing. Plus, Google’s Fitbit acquisition faces scrutiny from the EU.

Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.