Cleveland-Cliffs Inc
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For US Steel Stocks, China Is a Ray of Hope This Year
In 2020, China is a ray of hope for the global steel industry. China has recovered fast from the pandemic. The recovery has been V-shaped.
US Steel Industry Pins Hopes on Auto Plant Restarts
US steel demand has fallen sharply due to the COVID-19 pandemic. The automotive sector will start resuming operations, which should support demand.
Analysts Have Different Views on US Steel Stocks in May
UBS is bearish on US steel stocks. Last week, UBS lowered Steel Dynamic’s target price from $43 to $32 and Nucor’s target price from $56 to $39.
US Steel Industry Craves Another Tariff Reprieve
While the US slapped tariffs on imports on several key product categories, the US steel industry’s fortunes haven’t really revived.
Could US Steel Prices Fall More amid COVID-19?
US steel prices have come under pressure this month following weakness in other industrial metals. The worst might not be over for industrial metals.
US Steel, COVID-19, and the Dichotomy of ‘Essential’
US steel production data reflect the impact of COVID-19. In the week ending April 4, production fell by 18.9% compared to the same period in 2019.
Should US Steel Mills Halt Production amid Coronavirus?
The AISI asked the Trump administration to classify the steel industry as “essential.” The industry wants to continue production despite the coronavirus.
CLF Stock Falls, Should You Bottom Fish?
CLF stock looks attractive from a long-term perspective. As a result, it’s a good time to do some bottom fishing in Cleveland-Cliffs.
U.S. Steel Stock Fell to All-Time Low, Dow Crashed Yesterday
U.S. Steel Corporation (NYSE:X) stock fell to historical lows on Monday. Also, the company’s market capitalization fell below $1 billion.
US Steel Industry Seeks More from ‘Tariff Man’ Trump
The US steel industry wants more tariff protection from the Trump administration. In 2018, President Trump imposed a 25% tariff on US steel imports.
Why Is CLF Stock Sagging near 52-Week Lows?
Cleveland-Cliffs (NYSE:CLF) stock is trading near its 52-week lows amid the coronavirus scare. The outbreak has impacted the Chinese steel industry.
US Steel Stocks Fall Two Years after Trump’s Tariffs
Based on Monday’s closing prices, U.S. Steel (NYSE:X), Nucor (NYSE:NUE), and Cleveland-Cliffs (NYSE:CLF) have lost 28%, 24%, and 29%, respectively, in 2020.
CLF and U.S. Steel Stock Fall, Coronavirus Spreads
Cleveland-Cliffs and U.S. Steel Corporation stocks have fallen this week amid the broader market sell-off. The sector barely recovered from the trade war.
Coronavirus Impacts US Steel Companies’ Frail Recovery
US steel companies’ stock prices have fallen this year amid the coronavirus scare. Concerns about the coronavirus hit the Chinese economy.
Why CLF Stock Fell after Its Q4 Earnings Release
CLF reported its fourth-quarter earnings on February 20 before the markets opened. The company generated revenues of $534 million in the quarter.
Why CLF Stock Could Have an Eventful 2020
AK Steel’s acquisition would make 2020 a crucial year for CLF. The company needs to make a lot of strategic decisions about AK Steel.
Could US Steel Stocks Be a Contra Play in 2020?
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.
Why US Steel Stock Underperformed Peers in 2019
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.
Ross Defends Trump’s Steel Tariffs as Layoffs Mount
US Commerce Secretary Wilbur Ross defended President Donald Trump’s Section 232 steel and aluminum tariffs in a recent interview.
A Look at Analysts’ Top 5 US Steel Stocks
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.
Can US Steel Stocks’ Santa Claus Rally Continue?
US steel stocks have been on fire in the fourth quarter and have outperformed the broader markets. However, they’re still far below last year’s highs.
How CLF Could Benefit from the USMCA
The US, Canada, and Mexico signed the United States–Mexico–Canada Agreement. The automotive and steel rules look good for Cleveland-Cliffs (CLF).
For the US Steel Industry, China’s No Longer the Villain!
For a long time, US steel producers blamed Chinese steel exports for depressing prices. However, Chinese exports have fallen sharply this year.
CLF and AKS Merger: Could Goncalves Be the X Factor?
Apart from all of the synergies and strategic rationales, CLF’s current management team, especially Goncalves, might be the X factor for the transaction.
CLF Acquires AKS: A Match Made in Heaven?
Yesterday, Cleveland-Cliffs (CLF) announced that it would acquire AK Steel (AKS) at a premium of 16% over both stocks’ December 2 closing prices.
CLF Buys AK Steel: A Win-Win Transaction?
Today, Cleveland-Cliffs (CLF) announced that it was buying AK Steel (AKS), a flat rolled steel producer that supplies mainly to the automotive sector.
US Steel Stocks: Can Trump Play ‘Santa’ Yet Again?
President Trump tweeted that the Section 232 steel and aluminum tariffs would be restored for Brazil and Argentina. Could this Santa Claus rally continue?
CLF Might Benefit, US Steel Imports Tumble
Cleveland-Cliffs (CLF) stock has risen 12.7% this month. The stock has risen 9.2% YTD (year-to-date) based on its closing prices on Tuesday.
Is Cleveland-Cliffs or U.S. Steel Stock More Attractive?
Cleveland-Cliffs (CLF) and U.S. Steel (X) stocks have underperformed markets this year. However, U.S. Steel has been strong in November.
US Steel Industry: Layoffs Mount despite Trump’s Tariffs
There have been reports of several layoffs in the US steel industry this year, in contrast to last year’s news of plant restarts and new plants.
Get Real: Musk Confronts Criticism, Earnings Continue
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.
Cleveland-Cliffs and U.S. Steel Await Another ‘Trump Effect’
Cleveland-Cliffs (CLF) and U.S. Steel (X) are in the red this year. As we head into the 2020 election, both companies desperately need another “Trump effect.”
CLF, U.S. Steel Corporation Read the Writing on the Wall
CLF and U.S. Steel Corporation are looking at electric arc furnaces, whose variable cost dynamics make them suitable for the cyclical steel industry.
Citi Has Some Bad News for CLF Stock and US Steel
Citi is bearish on iron ore and steel prices, expecting bad news for Cleveland-Cliffs (CLF) and US steel companies. This year, CLF stock is trading almost flat.
Two Reasons US Steel Stock Is Surging Today
U.S. Steel stock (X) is trading with sharp gains today after the company released its Q3 earnings. Here’s why the market is so optimistic about X.
What to Watch in AK Steel’s Q3 Earnings Today
AK Steel’s Q3 earnings are expected today after the markets close. The company will hold its earnings call on Thursday. The stock might be volatile.
Why US Steel Short Sellers Might Lose on Their Bets
Things could turn around for the US steel sector, with mills pushing for price hikes. Earnings results this week could also surprise positively.
Cleveland-Cliffs: Analysts Weren’t Impressed after Q3
Analysts weren’t impressed with Cleveland-Cliffs’ third-quarter earnings. On Thursday, J.P. Morgan lowered its target price from $8 to $7.
US Steel Companies Call a Bottom after Prices Plummet
Domestic prices have plunged to a three-year low. However, US steel companies are calling it a bottom now in terms of pricing.
US Steel Guidance: A Negative Read for Cleveland-Cliffs
Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it’s up 6.4%.
CLF Stock: Buy Now in the Current Dip?
Cleveland-Cliffs, Inc (CLF) stock is having a roller coaster ride in 2019, as well as its US steel peers. CLF’s stock declined by 25.5% in August.
Cleveland-Cliffs Rises on Better-than-Expected Q2 Results
Cleveland-Cliffs (CLF) released its second-quarter results today before the markets opened.
What Analysts Expect from Cleveland-Cliffs’ Q2 Earnings
Currently, 73% out of 11 analysts have given Cleveland-Cliffs “buy” ratings. Another 27% have given it “holds.” It doesn’t have any “sell” ratings.
Digging into Cleveland-Cliffs before Its Q2 Earnings
Cleveland-Cliffs (CLF) is set to release its Q2 earnings before markets open on July 19, and hold a conference call with analysts and investors at 9:00 AM Eastern Time that day.
US Steel Industry Outlook: Will June’s Momentum Continue?
The US steel industry had a somber start to the year, and the sell-off only deepened as the year progressed.
CLF CEO Expects Iron Ore Pellet Prices to Stay Higher for Longer
During an interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO Lourenco Goncalves said he expects a shortage in iron ore pellets to persist.
CLF CEO Thinks US Economy Is Fantastic, but Has Advice for Trump
During his interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, also talked about the US economy.
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon
Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, believes that US steel prices should see a big upswing in the next few months.
Why Analysts Love CLF When US Steel Sector Is in Doldrums
Cleveland-Cliffs’ target price of $13.5 implies an upside of ~49% based on its current market price.
China Steel Demand Supports Iron Ore as Other Commodities Tank
While tighter iron ore supply is supporting prices on one hand, firm Chinese steel demand is also helping prices.
Why CLF Stock Is Rising despite Declining US Steel Prices
While domestic fundamentals improved after tariffs were imposed, weaker spot steel prices took hold shortly thereafter.
US Steel Production Is Providing a Nice Tailwind to CLF Stock
US steel production has been on an uptrend since the Trump administration imposed import tariffs.
Could Divergence between Cleveland-Cliffs and Steel Continue?
One of the reasons for the dismal performance of US steel stocks is the weak US steel prices.
Record China Steel Production Supports Iron Ore despite Trade War
As the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Dalio’s Bridgewater: Stock Exits, Cuts, and Additions in Q1
For Ray Dalio’s Bridgewater Associates, the notable exits during the first quarter included U.S. Steel Corporation (X).
Steel Tariff Exemptions: Will Safeguards Be Enough?
Last week, the Trump administration announced Section 232 exemptions for steel and aluminum imports from Canada and Mexico.
Has President Trump Betrayed US Steel Companies’ Trust?
Last week, President Trump made two decisions that might not sit well with US steel companies.
Steel Stocks Fall Even as Trump’s Tariffs ‘Rebuilt’ the Industry
US steel and iron ore stocks were in the red today in the early trading hours. As of 10:30 AM ET, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Cleveland-Cliffs (CLF) were down 1.6%, 0.43%, 1.1%, and 0.5%, respectively.
US Steel Stocks Bleed after China Retaliates against US Tariffs
US equity markets are deep in the red today, and the S&P 500 (SPY) is down 2.4% as of 12:10 PM ET. The SPDR S&P Metals and Mining ETF (XME) is underperforming the broader markets and has lost 4.4%.
Vale’s Production Loss Has Become Its Peers’ Gain—Here’s How
Vale (VALE) published its first-quarter production report on May 8, making its shipment data much clearer.
Metals’ Fragile Recovery Takes the Back Seat amid Trade Rhetoric
Donald Trump has stepped up his trade rhetoric by hiking up the tariff on $200 billion in Chinese goods to 25%.
Trump Likes Steel Companies’ Investments, but Markets Don’t
Today, U.S. Steel Corporation (X) announced a $1.2 billion investment toward casting and rolling facilities at Mon Valley Works and cogeneration facilities at its Clairton Works plant.
U.S. Steel: Q1 Earnings Might Revive Investors’ Sentiments
U.S. Steel Corporation (X) is scheduled to release its first-quarter earnings on May 2 after the markets close.
Cleveland-Cliffs Plans to Continue Buying Back Stock
Since Cleveland-Cliffs’ (CLF) new management took over in August 2014, the company has turned around for the better.
Are Higher Iron Ore and Pellet Prices the New Normal?
Investors might recall that a major disaster struck Vale (VALE) on January 25, with a dam rupture at its iron ore mine in the Brazilian state of Minas Gerais (EWZ) killing more than 300 people.
These Factors Could Boost CLF’s Realized Prices
Cleveland-Cliffs’ (CLF) mining and pelletizing realized revenue is influenced by customer demand for iron ore pellets.
Supply Glut Fears ‘Exaggerated’? CLF’s Demand Outlook
Cleveland-Cliffs’ (CLF) Mining and Pelletizing sales volumes fell in Q1 2019, by 3.8% YoY (year-over-year) to 1.55 million tons, meeting just 7.8% of its expected volume for the full year.
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results
Cleveland-Cliffs (CLF) released its first-quarter results on April 25 before the markets opened.
Cleveland-Cliffs’ Upside: Vale’s Dam Burst and Supply Disruptions
Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at one of its mines in Brazil (EWZ). More than 300 people died when the dam ruptured. Since then, there have been several injunctions on the company. Vale announced that it will decommission all of the dams built by the upstream […]
Cleveland Cliffs: Realized Price Expectations in 2019
Cleveland-Cliffs expects US (SPY) (IVV) realized prices to be $102.0–$107.0 per ton for 2019.
Analysts Expect a Steep Revenue Fall for CLF in Q1—Here’s Why
Analysts polled by Thomson Reuters expect Cleveland-Cliffs (CLF) to post revenue $120 million in the first quarter.
What Are Analysts’ Ratings on CLF ahead of Its Q1 Results?
Cleveland-Cliffs (CLF) is expected to report its first-quarter earnings results on April 25.
Iron Ore Prices Could Be Supported after Vale’s Mine Restart
Even though a Brazilian court gave Vale authorization to restart the Brucutu mine, Vale hasn’t increased its guidance.
Vale: No Production Upgrade despite Authorization to Reopen Mine
On April 16, a Brazilian (EWZ) court gave Vale (VALE) authorization to restart its operations at the Brucutu mine.
Analysts Weigh In on Nucor’s First-Quarter Earnings
Nucor (NUE) is expected to release its first-quarter earnings results on April 23. The company posted record earnings last year, but its stock fell 18.5%.
Will Steel Prices Go Aluminum’s Way in 2019?
Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Could Citibank’s Three-Figure Forecast for Iron Ore Prices Come True?
Citibank (C) is advising investors to participate in the current iron ore price (PICK) rally.
Credit Suisse Is Expecting a Push in Iron Ore Prices on Supply Deficit
As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron ore prices.
Is the Party Just Getting Started for Iron Ore Miners?
Iron ore prices are again touching multiyear highs.
U.S. Steel Reaches ‘Important Milestone’ at Clairton Works
Earlier this year, U.S. Steel Corporation (X) received an enforcement order from the ACHD (Allegheny County Health Department) about higher emissions from its Clairton Works facility, which had a fire last year.
US Steel Lagged, Other Steel Stocks Rose in Q1
AK Steel (AKS) outperformed other US steel stocks and rose 22.2% in the first quarter. Cleveland-Cliffs continued to outperform steel stocks.
Could Iron Ore Gain from Vale’s Large Production Cut Expectation?
Vale’s (VALE) iron ore production came in at 101 million tons in the fourth quarter of 2018, an increase of 8.2% YoY (year-over-year).
Vale’s Q4 Results: Why Analysts’ Sentiments Are Trending Down
Vale (VALE) released its fourth-quarter and 2018 results on March 27. In 2018, it reported a net profit of $6.86 billion.
Why Analysts Could Raise Their Earnings Estimates for CLF
Cleveland-Cliffs (CLF) has guided for production and sales volumes of 20 million tons each this year, including 500,000 tons of direct-reduced grade pellets to be delivered to its HBI (hot briquetted iron) plant in Toledo.
Steel’s Higher Capacity Utilization Is Good News for CLF
Domestic steel production is a major demand driver for Cleveland-Cliffs’ (CLF) iron ore pellets.
Vale’s Dam Burst Has Yet to Fully Reflect in CLF’s Prices
On January 25, a major disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in the Brazilian (EWZ) state of Minas Gerais.
Could Contract Negotiations Boost CLF’s Margins?
Most of Cleveland-Cliffs’ (CLF) tonnage is contracted to steelmakers under long-term contracts, improving visibility and reducing volatility for its earnings.
Why Vale’s Problems Will Likely Continue
Vale’s (VALE) problems don’t seem to be ending anytime soon. Since the disaster on January 25, Vale stock has fallen 13.5% as of March 25.
‘Steelmageddon’: Are Steel Bears Getting It Wrong Once Again?
Bank of America Merrill Lynch released a bearish note on the US steel industry, citing capacity additions among domestic steel companies.
Are US Steel Stocks a ‘Sell’ after Disappointing Q1 Guidance?
Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.
How to Play AK Steel amid High Volatility
In this series, we’ll look at AK Steel’s (AKS) drivers and valuation and gauge how markets are pricing the company’s risk-return profile.
Chinese Slowdown Deepens: Industrial Output at 17-Year Low
China’s industrial production rose 5.3% YoY in January and February combined.
President Trump’s Section 232 Tariffs Could Face a Big Test
Issuing exemptions for Canada and Mexico could be a big test for President Trump’s Section 232 tariffs.
U.S. Steel: Is It Time to Get Greedy?
U.S. Steel expects its 2019 flat-rolled shipments to rise to 11.5 million tons from 10.5 million last year.
U.S. Steel: How Much Upside Do Analysts See?
U.S. Steel has seen a negative price action of 14.1% in March. However, the stock has risen 5.8% in 2019.
China’s Stimulus Measures Could Support Commodity Prices
China’s total vehicle sales fell 2.76% YoY to 28.08 million units in 2018. China’s annual vehicle sales fell for the first time since 1990.
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?
On February 8, Cleveland-Cliffs reported an adjusted EPS of $0.55, which missed the earnings estimates of $0.59.
What’s Changed for US Steel Industry after a Year of Tariffs?
The tariffs have also spurred investments, as earnings of companies like U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Cleveland-Cliffs (CLF) improved following the tariffs.
A Year of Trump’s Metal Tariffs: A Look at the Gains and Losses
It’s been almost a year since Trump announced the Section 232 tariffs.
Moody’s Downgrade and Potential Fines Weaken Vale’s Outlook
Vale (VALE) could face $7 billion worth of fines in connection with the audit of the mining dam that collapsed.