Cleveland-Cliffs Inc

Latest Cleveland-Cliffs Inc News and Updates

  • Steel manufacturing facility
    Materials

    Is There More Upside Left in CLF and U.S. Steel (X) Stock?

    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?
    By Mohit Oberoi, CFA
  • Cleveland-Cliffs logo
    Materials

    CLF Misses Q2 Earnings Estimates: Is the Stock a Buy or Sell Now?

    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?
    By Mohit Oberoi, CFA
  • Worker in a factory
    Materials

    CLF Stock Is Popular on WallStreetBets, Solid Pick for Investors

    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?
    By Mohit Oberoi, CFA
  • Reddit logo with Cleveland-Cliffs and Clean Energy Fuels logos
    Financial Analysis

    CLF Versus CLNE: Which Is the Best Reddit Stock to Buy Now?

    CLF and CLNE are two of the popular stocks on Reddit group WallStreetBets. Which of the stocks is a better buy now?
    By Mohit Oberoi, CFA
  • Cleveland-Cliffs work site and logo
    Materials

    CLF Stock Forecast: How High Can It Go Amid Reddit Short Squeeze?

    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?
    By Mohit Oberoi, CFA
  • cleveland cliffs stock forecast
    Company & Industry Overviews

    Analysts Say Hold on Cleveland-Cliffs Stock, Reddit Investors Say Buy

    Recently, Wall Street analysts downgraded the buy rating on Cleveland-Cliffs stock. Now, they recommend holding Cleveland-Cliffs.
    By Danielle Letenyei
  • Why Rio Tinto has key advantages over its peers
    Materials

    Why Rio Tinto has key advantages over its peers

    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.

    By Anuradha Garg
  • Cleveland-Cliffs building
    Industrials

    CLF Stock Is a Good Buy as the U.S. Steel Cycle Nears Its Peak

    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?
    By Anuradha Garg
  • Cleveland-Cliffs rig
    Industrials

    Why U.S. Steel and Cleveland-Cliffs Upgraded Their Earnings Guidance

    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?
    By Anuradha Garg
  • Cleveland-Cliffs work site and logo
    Industrials

    Cleveland Cliffs (CLF) Stock Is a Buy for Investors on the Pullback

    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?
    By Anuradha Garg
  • Materials

    Must-know: Is the share buyback the right thing to do?

    Cliffs Natural Resources’ (CLF) new management changed the terms of its debt agreement to repurchase the company’s shares. The shares are worth up to $200 million.

    By Anuradha Garg
  • uploads///US_Volumes
    Materials

    Why Cliffs Raised Guidance for US Volumes

    US iron ore (or USIO) is the main driver for Cleveland-Cliffs’s (CLF) top and bottom lines.

    By Anuradha Garg
  • uploads///part  long term
    Materials

    AK Steel Could Face Challenges in Meeting Its Goals

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

    By Mohit Oberoi, CFA
  • uploads///Aggregate financing
    Materials

    How China’s Credit Growth Could Progress in 2018

    Aggregate financing in China (MCHI) came in at 1.6 trillion yuan in November 2017.

    By Anuradha Garg
  • uploads///Aggregate financing
    Macroeconomic Analysis

    China’s Credit Growth Metrics Also Worsen in April

    China’s credit growth clearly has been weaker than expected, especially given the recent easing measures adopted by the government.

    By Anuradha Garg
  • uploads///part  china production
    Materials

    Your Key Steel Events to Follow This Week

    China’s October fixed asset investment, real estate investment, and industrial production data are all expected to be released on November 14.

    By Mohit Oberoi, CFA
  • uploads///business _
    Materials

    Will President Trump’s Pressure Tactics Work Out?

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

    By Mohit Oberoi, CFA
  • uploads///Productivity
    Materials

    Why BHP focuses on productivity

    Under equipment, the focus is on increasing availability, utilization, and rate. A 6% increase in utilization helped achieve a 9% increase in group production in FY14.

    By Anuradha Garg
  • uploads///part  ebitda
    Materials

    What Weighed down AK Steel’s 3Q17 Performance?

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

    By Mohit Oberoi, CFA
  • uploads///China interest rates
    Materials

    How does Chinese credit easing help iron ore names?

    The immediate impact of Chinese credit easing was seen as China’s iron ore and rebar futures posted their strongest gains in three weeks.

    By Anuradha Garg
  • uploads///Industrial output
    Materials

    China’s industrial output growth slows in November

    FAI is a good indicator of how much investment occurs in a country or region. It’s a closely watched indicator of construction activity in China.

    By Anuradha Garg
  • uploads///China crude steel production
    Macroeconomic Analysis

    China’s Crude Steel Production Impacts Iron Ore Miners Like Vale

    Since 98% of mined iron ore goes into making steel, it’s important to track steel production. China consumes two-thirds of seaborne iron ore.

    By Anuradha Garg
  • uploads///Analyst reco
    Company & Industry Overviews

    How Do Analysts Rate Rio Tinto?

    Citigroup (C) upgraded Rio Tinto’s (RIO) rating from “sell” to “neutral” on June 6, 2016. The broker also raised the target price for the stock from 20 pounds to 21 pounds.

    By Anuradha Garg
  • uploads///Japan imports
    Macroeconomic Analysis

    Japanese iron ore imports were flat year-over-year in 2014

    Japan accounts for 10%–13% of the seaborne market, so Japanese iron ore imports are another good indicator of demand.

    By Anuradha Garg
  • uploads///part  asset revitalization
    Materials

    Can U.S. Steel’s Asset Revitalization Plan Spark Its Stock?

    U.S. Steel (X) expects its slab production capacity to increase by 1.0 million tons by 2020 from the current level of 10.0 million tons.

    By Mohit Oberoi, CFA
  • Materials

    Why is the market reacting?

    Market analysts have started turning bearish on Cliffs Natural Resources (CLF). There are many downgrades. The target price has been revised down in recent weeks.

    By Anuradha Garg
  • Materials

    Why the demerger of non-core assets makes sense for BHP

    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.

    By Anuradha Garg
  • uploads///FCF Estimates
    Materials

    Factors That Could Cause an Upside to CLF’s Free Cash Flow in 2017

    Cleveland-Cliffs’ management noted during its 4Q16 earnings call that it is expecting to generate FCF of $550 million in 2017.

    By Anuradha Garg
  • uploads///part
    Materials

    Key Indicators US Steel Investors Should Track in 3Q17

    Steel stocks have been consolidating for the last few trading sessions. But so far, they’re having a tepid year.

    By Mohit Oberoi, CFA
  • uploads///ANalyst reco
    Company & Industry Overviews

    What Could Lead to Further Upgrades for Cliffs Natural Resources?

    The average target price for CLF is $3.4 compared to its current market price of $4.9. The target price still implies a downside potential of 30%.

    By Anuradha Garg
  • uploads///part
    Materials

    Why China Is Finding It Difficult to Export Its Steel Woes

    China’s steel and aluminum overcapacity has earned it the ire of several countries.

    By Mohit Oberoi, CFA
  • uploads///iron rods _
    Materials

    New Probe Shows Fault Line in Trump’s Tariffs

    After the imposition of Section 232 steel and aluminum tariffs last year, several observers warned that we could see a spike in downstream imports.

    By Mohit Oberoi, CFA
  • uploads///ana abad  unsplash
    Company & Industry Overviews

    Why Vale’s Iron Ore Margins Should Remain Supported

    In this series, we’ll see how Vale is planning to deal with the current volatile commodity price environment.

    By Anuradha Garg
  • uploads///part  china domination
    Materials

    Outlook for Chinese Steel: Implications for US Steel

    China is the world’s largest steel consumer, steel producer, and steel exporter. It dominates the global steel markets probably like no other country ever has.

    By Mohit Oberoi, CFA
  • Materials

    Why did the Cliff’s share price rally?

    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.

    By Anuradha Garg
  • uploads///part  steel price
    Materials

    What Could Do the Trick for US Steel Prices

    Bank of America Merrill Lynch has raised its 2017 hot rolled coil steel forecast to $700 per ton. The brokerage also upgraded U.S. Steel (X) from a “neutral” to “buy.”

    By Mohit Oberoi, CFA
  • uploads///Valuation
    Materials

    These Factors Could Drive Cleveland-Cliffs’ Valuation in 2018

    Among the US steel and iron ore peers, Nucor (NUE) is trading at the highest forward multiple of 7.7x.

    By Anuradha Garg
  • uploads///part  guidance
    Materials

    Steel Companies Tone Down Expectations after Steel Price Rout

    U.S. Steel (X) lowered its 2018 EBITDA guidance due to the recent correction in spot steel prices.

    By Mohit Oberoi, CFA
  • uploads///USIO Sales volumes
    Materials

    These Factors Could Impact CLF’s US Volumes in 3Q17 and Beyond

    In 2Q17, Cleveland-Cliffs (CLF) achieved 4% growth year-over-year in US volumes to 4.3 million tons.

    By Anuradha Garg
  • Materials

    Must-know: Why Brazilian iron ore exports fell 9% in August

    Brazilian exports show how much volume is shipped out of Brazilian ports to China and the rest of the world. Along with exports from Port Hedland, Australia, this is an important supply side indicator.

    By Anuradha Garg
  • uploads///Iron ore companies performance
    Macroeconomic Analysis

    Iron Ore Pricing Pressures Likely to Persist

    Almost all of the iron ore miners are cutting costs, which is driving the cost curve down. This will put additional pressure on prices.

    By Anuradha Garg
  • uploads///Steel prices
    Miscellaneous

    China’s Steel Prices Might Have Started Giving Up: More Downside?

    One of the most dominant factors driving iron ore’s price rally is rising steel production and the resulting increase in steel prices in China (FXI).

    By Anuradha Garg
  • uploads///Chinas Industrial Production in November
    Miscellaneous

    China Moves from Manufacturing to Consumption: Impact on Iron Ore

    Over the past few months, we’ve seen that China (MCHI) (ASHR) is transitioning from a manufacturing-based to consumption-based economy.

    By Anuradha Garg
  • uploads///China steel production
    Macroeconomic Analysis

    China’s Steel Production Outlook Pressures Iron Ore Prices

    According to the China Iron and Steel Association, China’s 2015 crude steel output could decline by as much as 2%. This estimate is lower than CISA’s March estimate of a 1.1% decline.

    By Anuradha Garg
  • uploads///man _
    Materials

    AK Steel’s Outlook Looks Gloomy after Earnings Miss

    AK Steel (AKS) reported its third-quarter earnings on October 25 after the markets closed. The company reported revenues of $1.74 billion.

    By Mohit Oberoi, CFA
  • uploads///Intro
    Materials

    What to Expect from Cleveland-Cliffs’ 3Q17 Earnings

    Cleveland-Cliffs (CLF) is scheduled to release its 3Q17 results before the US market opens on October 20. In this series, we’ll look ahead to CLF’s earnings and management call.

    By Anuradha Garg
  • uploads///ant rozetsky  unsplash
    Materials

    Cleveland-Cliffs’ Q2 2018 Earnings: What to Look Forward To

    Cleveland-Cliffs (CLF) will release its second-quarter results before the market opens on July 20.

    By Anuradha Garg
  • uploads///part  ebitda guidance
    Materials

    Steel Companies’ Third-Quarter Guidance: Key Takeaways

    During the second-quarter earnings call, U.S. Steel Corporation raised its 2018 EBITDA guidance to $1.85 billion–$1.90 billion.

    By Mohit Oberoi, CFA
  • uploads///Cliffs vs iron ore
    Company & Industry Overviews

    Why Is Cliffs Going to Idle Iron Ore Pellet Production?

    Cliffs announced that it is going to temporarily idle its iron ore pellet production at its Northshore Mining operation in Minnesota by December 1, 2015.

    By Anuradha Garg
  • uploads///part  guidance one pager
    Materials

    U.S. Steel Might Need to Do Some Firefighting Today

    U.S. Steel Corporation (X) released its 1Q18 earnings results yesterday. While the company’s earnings beat analysts’ estimates, its 2018 guidance seems to have spooked markets.

    By Mohit Oberoi, CFA
  • uploads///part  unit costs
    Company & Industry Overviews

    Why U.S. Steel Investors Should Brace for Higher Input Costs

    U.S. Steel Corporation (X) produces steel in blast furnaces and uses coking coal and iron ore (CLF) as raw material.

    By Mohit Oberoi, CFA
  • uploads///Iron ore companies performance
    Macroeconomic Analysis

    It’s Hard to Be Positive on Long-Term Iron Ore Price Fundamentals

    Vale SA will cut the high-cost iron ore production from its Southern and Southeastern systems by 25 million–30 million tons per year. Its 2015 iron ore guidance production is unchanged at 340 million tons.

    By Anuradha Garg
  • uploads///VALE_Estimates
    Miscellaneous

    Understanding S11D’s Impact on Vale’s Earnings Estimates for 2017

    Vale’s total volumes should see a significant boost from iron ore volumes as its S11D project starts commercial production.

    By Anuradha Garg
  • uploads///EPS vs actual
    Earnings Report

    Inside Cliffs Natural Resources’ Solid 4Q16 Earnings, Big Stock Surge

    Cliffs Natural Resources’ results for 4Q16 were hugely positive and beat the market expectations by a wide margin.

    By Anuradha Garg
  • uploads///Spot steel prices
    Company & Industry Overviews

    Multiyear Low US Steel Prices are Not Helping Matters for Cliffs

    Most of Cliffs Natural Resources’ revenues and earnings are tied to the US steel industry. Steel prices are also a component of Cliffs’ pricing formula.

    By Anuradha Garg
  • uploads///Valuation
    Miscellaneous

    What is Driving the Valuation for Iron Ore Miners?

    Valuation multiple The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a widely used relative valuation multiple for capital-intensive industries such as metals and mining. It takes into account a company’s capital structure. By using this multiple, we can compare companies’ valuations. Miners’ EV-to-EBITDA Vale (VALE) has a forward EV-to-EBITDA multiple […]

    By Anuradha Garg
  • uploads///China Steel production
    Miscellaneous

    Understanding China’s Monthly Record in Steel Production

    In April, China’s steel production surpassed the previous monthly record of 72 million achieved in March 2017 by producing 72.78 million tons.

    By Anuradha Garg
  • uploads///US_Price realization
    Earnings Report

    Cliffs’ US Realized Prices Have Ample Upside in 2017. Here’s Why

    Cliffs Natural Resources’ average realized prices were 0.5% lower YoY in 4Q16 at $73.8 per ton.

    By Anuradha Garg
  • uploads///US Steel prices
    Miscellaneous

    How Will Steel Prices in the US Impact Cliffs’ Realized Revenues?

    US steel has seen a change in fortunes this year. Trump’s win has been a positive catalyst for the industry.

    By Anuradha Garg
  • uploads///Companies performance
    Macroeconomic Analysis

    Why the Outlook on Iron Ore Is Still Negative

    Major iron ore producers are further reducing costs to weather the current market downturn.

    By Anuradha Garg
  • uploads///thumbs up _
    Materials

    Revisiting the Case: How Does Cleveland-Cliffs Look Now?

    Cleveland-Cliffs (CLF) has witnessed a turnaround of sorts in the last four years.

    By Anuradha Garg
  • uploads///US Sales volumes
    Materials

    Cliffs Natural Resources’ US Volumes: Will There Be a Surprise?

    On June 9, 2016, Cliffs announced that it will be reopening its United Taconite plant in northeastern Minnesota two months early due to a contract with U.S. Steel Canada.

    By Anuradha Garg
  • uploads///architecture _
    Materials

    U.S. Steel Corporation: Its Earnings Beat Might Impress You

    U.S. Steel Corporation (X) released its second-quarter earnings on August 1 after the market closed. Its revenues were $3.6 billion.

    By Mohit Oberoi, CFA
  • uploads///CLF_Estimates
    Miscellaneous

    Inside Cliff’s Earnings in 2017: What Will Drive Analysts’ Earnings Estimates?

    In the past year, analysts have raised their revenue projections for Cliffs from ~$1.8 billion to ~$2.0 billion for the year.

    By Anuradha Garg
  • uploads///Aggregate financing
    Miscellaneous

    Will Iron Ore Prices Benefit from China’s Credit Growth Prospects?

    China’s aggregate financing stood at ~3.7 trillion Chinese yuan in January 2017, as compared to 1.6 trillion yuan in December 2016.

    By Anuradha Garg
  • uploads///Cost cutting
    Earnings Report

    How Will Cliffs Natural Resources’ Costs Progress in 2017?

    In 4Q16, Cliffs’ cash costs of goods sold for APIO was $36.4 per ton, or 8% higher YoY.

    By Anuradha Garg
  • uploads///Iron ore prices
    Miscellaneous

    Seaborne Iron Ore Prices Look Firm, Supporting Cliffs

    For the first time in two years, in November, iron ore prices crossed the $80 per ton level, and YTD gains for the steel-making commodity have reached 82%.

    By Anuradha Garg
  • uploads///CLF_Ratings
    Miscellaneous

    CLF Cautions: How Are Analysts Leading after the Recent Run-Up?

    Cliff’s Natural Resources has long-term contracts with US steelmakers and is thus affected more by what’s happening in US steel than in seaborne iron ore.

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    What Does Cliffs Natural Resources’s Valuation Multiple Suggest?

    Cliffs Natural Resources (CLF) is trading at a forward EV-to-EBITDA multiple of 13.2x, compared to its last-five-year average of 9.6x. Its stock price has risen 40% in the last month.

    By Anuradha Garg
  • Materials

    Must-know: Key ideas from Blue Ridge Capital’s investment strategy

    Blue Ridge Capital is a New York–based hedge fund founded in 1996 by Tiger Cub John Griffin. The fund generally targets “absolute returns.”

    By Samantha Nielson
  • uploads///Valuation
    Miscellaneous

    Which Iron Ore Miners Currently Look Undervalued or Overvalued?

    Rio Tinto has received a boost due to its recent announcement regarding $5 billion of additional free cash flow generation through productivity improvements.

    By Anuradha Garg
  • uploads///APIO Volumes
    Earnings Report

    Cliffs’ Asia-Pacific: Will Strong Seaborne Iron Ore Prices Lead to Mine-Extension?

    Seaborne iron ore prices have held firm in 2016 and 2017 YTD, despite market participants calling for a downturn.

    By Anuradha Garg
  • uploads///Intro
    Miscellaneous

    Here’s What’s Driving Iron Ore Prices through the Roof

    Iron ore prices reached a six-month high of $62.7 per ton on October 26, 2016, bringing the YTD (year-to-date) gains for the commodity to an impressive 46%.

    By Anuradha Garg
  • uploads///Valuation
    Company & Industry Overviews

    What Might Cliffs’ Valuation Catalysts Be in 2017?

    Cliffs Natural Resources (CLF) is trading at a forward EV-to-EBITDA multiple of 12.9x, compared to its trailing-five-year average of 9.6x.

    By Anuradha Garg
  • uploads///Analyst reco
    Earnings Report

    Cliffs’ Recommendations after 4Q16: Why Analysts Have Turned Bullish

    Cliffs has “buy” and “sell” recommendations from 22% of analysts each, while 56% of the analysts are recommending a “hold.”

    By Anuradha Garg
  • uploads///Analysts estimates
    Company & Industry Overviews

    What Are Analysts Recommending for Cliffs Natural Resources?

    Of the analysts covering Cliffs, one analyst has a “buy” recommendation, eight have “hold” recommendations, and six have “sell” recommendations.

    By Anuradha Garg
  • uploads///External competition
    Company & Industry Overviews

    How Does Cliffs’s Competition Look Post-ArcelorMittal Contract?

    Cliffs Natural Resources (CLF) is the largest and lowest-cost supplier of iron ore pellets in the United States.

    By Anuradha Garg
  • uploads///Iron ore prices
    Earnings Report

    Inside BHP Billiton’s Iron Ore Price Concerns

    Iron ore prices were very strong in 2016 and have remained so year-to-date. Prices increased by more than 80% in 2016.

    By Anuradha Garg
  • uploads///US steel prices
    Materials

    Why the Outlook for US Steel Prices Is Bright beyond 4Q17

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

    By Anuradha Garg
  • uploads///part  mt
    Miscellaneous

    How Analysts Are Rating ArcelorMittal Ahead of Its 2Q17 Results

    ArcelorMittal’s 2Q17 earnings ArcelorMittal (MT), the world’s largest steelmaker, is scheduled to release its 2Q17 earnings on July 27. Analysts polled by Thomson Reuters expect the company to post revenue of $17.4 billion in 2Q17. ArcelorMittal posted revenue of $16.0 billion in 1Q17 and $14.7 billion in 2Q16. ArcelorMittal’s 2Q17 EBITDA (earnings before interest, tax, […]

    By Mohit Oberoi, CFA
  • uploads///part
    Materials

    Analyzing China’s Steel Demand Indicators

    China’s automotive sales fell in July. According to the China Association of Automobile Manufacturers, China’s vehicle sales stood at ~1.89 million vehicle units.

    By Mohit Oberoi, CFA
  • uploads///Estimates_CLF
    Company & Industry Overviews

    What Analysts See in Cliffs Natural Resources under Trump’s Presidency

    US steel prices and order books for customers are the major revenue drivers for Cliffs Natural Resources’s (CLF) US division.

    By Anuradha Garg
  • uploads///part  earnings call
    Earnings Report

    What to Watch for in U.S. Steel’s 4Q16 Earnings Call

    During U.S. Steel’s 4Q16 earnings call, markets would expect more updates from the company regarding its 2017 coal contracts.

    By Mohit Oberoi, CFA
  • uploads///part  valuation
    Materials

    How Does ArcelorMittal’s Valuation Look ahead of 2Q17 Earnings?

    In this article, we’ll look at ArcelorMittal’s (MT) valuation multiples ahead of its 2Q17 earnings.

    By Mohit Oberoi, CFA
  • uploads///Capacity Utilization
    Miscellaneous

    Do Steel Capacity Cuts in China Bode Well for Iron Ore Miners?

    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.

    By Anuradha Garg
  • Materials

    Why investors should know Cliffs’ outlook

    Cliffs Natural Resources (CLF) is mainly an iron ore producer. A small percentage of its revenue comes from metallurgical coal sales.

    By Anuradha Garg
  • uploads///CLF_Estimates
    Company & Industry Overviews

    Understanding Cliffs’ New Estimates: Why Are Iron Ore Analysts Second-Guessing?

    Most of Cliffs Natural Resources’ (CLF) revenues and earnings are derived from its US steel division. This makes its drivers unique among peers.

    By Anuradha Garg
  • uploads///Iron ore imports
    Miscellaneous

    What China’s High Iron Ore Imports Suggest

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

    By Anuradha Garg
  • uploads///US STeel demand
    Materials

    Steel Companies Expect Strong Demand in 2018

    Some analysts expect US steel demand to soften. The Section 232 tariffs have led to higher steel prices in the United States.

    By Anuradha Garg
  • uploads///Steel imports US
    Miscellaneous

    How Do Falling US Steel Imports Impact Cliffs’ US Volumes?

    Cliffs CEO Laurenco Goncalves mentioned during the Goldman Sachs conference on November 16 that the percentage of domestic steel on the market is ~70%.

    By Anuradha Garg
  • uploads///China steel productio
    Miscellaneous

    Are China’s Steel Capacity Cuts for Real?

    China produced 808.4 million tons of steel in 2016 and 68.9 million tons of steel products in December 2016—a YoY 7.1% rise.

    By Anuradha Garg
  • uploads///Valuation
    Materials

    Is There a Disconnect between CLF’s Valuation and Fundamentals?

    In this part of the series, we’ll look at Cleveland-Cliffs’s (CLF) valuation and compare it to its US steel peers.

    By Anuradha Garg
  • uploads///US Steel production
    Company & Industry Overviews

    Declining US Steel Production is Hurting Cliffs

    US steel production trends are a good indicator of the health of Cliffs and other integrated iron ore producers in the United States.

    By Anuradha Garg
  • uploads///ABI
    Company & Industry Overviews

    Cliffs Natural Resources: How US Steel Demand Is Progressing

    Since US steel demand is the major driver behind steel companies’ volumes and prices, it’s important to track the data for Cliffs Natural Resources (CLF).

    By Anuradha Garg
  • uploads///Debt
    Materials

    What Cliffs Natural Resources’ Debt Tender Offer Means

    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.

    By Anuradha Garg
  • uploads///China iron ore imports
    Macroeconomic Analysis

    Why China’s Iron Ore Imports Slid in August

    China’s iron ore imports contracted 14% month-over-month and 1% year-over-year (or YoY) in the month of August to 74.12 million tons.

    By Anuradha Garg
  • uploads///Aggregate financing
    Miscellaneous

    Inside China’s Credit Growth Metrics in April

    By tracking credit growth in China, investors can gauge patterns that forecast future demand.

    By Anuradha Garg
  • uploads///Intro
    Earnings Report

    What to Expect from Cliffs Natural Resources’ 2Q17 Earnings

    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.

    By Anuradha Garg
  • uploads///Technical
    Materials

    Is the Pullback in Iron Ore Miners Based on Technical Indicators?

    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%.

    By Anuradha Garg
  • uploads///Iron ore
    Earnings Report

    This Could Lead BHP’s Cost-Reduction Efforts in Iron Ore

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

    By Anuradha Garg
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