Market Vectors® Steel ETF
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.
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.
Could There Be a Downside to Cleveland-Cliffs’s US Realized Prices?
Along with volumes, realized revenues are among the most important components that drive a commodity company’s top line.
How Does Wall Street Expect CLF’s Net Debt to Progress?
Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. Its debt spiraled due to acquisitions at the peak of the cycle.
Are Trump’s Tariffs Destroying Demand in the US Steel Sector?
In the US steel sector, demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) will likely want to track US steel demand.
Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?
In the final article of this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX).
Could Rising Interest Rates Dent Steel Demand to CLF’s Detriment?
In this article, we’ll see how investors can track demand for US steel by monitoring demand indicators.
What Wall Street Expects for Cleveland-Cliffs’s Debt
Financial leverage Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. The company’s change in management in 2014 and its focus on debt reduction have somewhat allayed investors’ concerns. Target: Below $1 billion During the Q2 2018 earnings call, Cleveland-Cliffs maintained that bringing its net debt below $1 billion is its second […]
US Steel Production Outlook Looks Strong in Q4 2018
According to AISI data, the year-to-date capacity utilization of US steel mills increased to 77.4% compared to 74.4% in the same period last year.
Why Did Jefferies Increase Its Target Price for Cleveland-Cliffs?
Today, Jefferies analyst Seth Rosenelf raised the target price for Cleveland-Cliffs (CLF) from $11 to $13 while maintaining a “buy” rating on the stock.
These Factors Could Help CLF Rerate in 2018 and Beyond
In this article, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX).
Has US Steel Production Changed as a Result of the Tariffs?
US steel production is the key variable that drives US steelmakers’ (SLX) (XME) revenues.
Is Cleveland-Cliffs Well Placed amid Changing US Steel Dynamics?
Cleveland-Cliffs (CLF) released its second-quarter earnings results before the market opened on July 20.
How Can Cleveland-Cliffs Start Dividend Distributions Again?
Cleveland-Cliffs’s (CLF) CFO Tim Flanagan mentioned that the company is expected to generate $400 million of free cash flow in the second half of 2018.
Why Cleveland-Cliffs Holds a Unique Position as a Supplier of Choice
Cleveland-Cliffs is the largest and lowest-cost supplier of iron ore pellets in the United States.
Mexico Is Hitting Republicans in Their Weak Spot
Mexico hit the American economy where it hurts the most with tariffs on American products like pork, steel, apples, potatoes, cheese, and bourbon.
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.
The RAAX ETF: What to Own in Real Assets
The aphorism “a rising tide lifts all boats” is appropriate here. April was a great month to invest in real assets.
CLF Pops as US Slaps Tariffs on Chinese Steel Shipped via Vietnam
US steel stocks (SLX) and Cleveland-Cliffs (CLF) have been on a roller coaster ride that refuses to calm down.
Could Cliffs Stock Rise after a Volatile 2018?
In the first quarter, Cleveland-Cliffs (CLF) stock fell 3.6% only to rise 26% in the second quarter as of May 15.
Will Analysts Raise Estimates for Cliffs after 1Q18 Results?
The combination of higher-than-expected sales and realized prices should lead analysts to revise their revenue estimate higher.
Cliffs’s US Realized Prices Surged to Highest in 3 Years
Cleveland-Cliffs’s realized revenues during 1Q18 came in at $105 per ton, which represents very strong growth of 32% year-over-year (or YoY).
Key Highlights from Cleveland-Cliffs’s 1Q18 Results
Cleveland-Cliffs (CLF) reported first-quarter revenues of $239 million, a decline of 48% year-over-year (or YoY).
Cliffs’ Net Debt Is Expected to Fall Further
Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it’s come a long way with respect to its debt levels.
FOMC on the Economic Situation: A Strong US Economy
In the March meeting minutes, the FOMC staff review of the economy was stronger than the review presented at the January meeting.
Can US Steel Prices Help Cleveland-Cliffs and Peers?
Steel prices are the major driver of steelmakers’ earnings and revenues. According to Platts, in 2017, US steel prices rose 17.5% on average compared to 2016.
The US Steel Production Outlook and Import Tariffs
US steel production is the key variable that drives revenues for US steelmakers (SLX). US steelmakers such as AK Steel (AKS) and ArcelorMittal (MT) are Cleveland-Cliffs’s (CLF) customers.
US Steel Imports Fell in February: What’s the Outlook?
The US iron ore segment contributes the majority of Cleveland-Cliffs’s (CLF) revenues and earnings.
ADP: The US Job Market Could Spring Another Positive Surprise
ADP releases a monthly report on US non-farm employment that contains changes to the level of hiring and employment across US sectors.
Which Countries and Industries Could Be Affected by the Tariffs?
Canada, the European Union, South Korea, Mexico, and Brazil are the largest exporters of steel and aluminum to the United States.
Why Economist Argue That Tariffs Are Bad for the Economy
The recently proposed import tariffs on steel and aluminum imports by US President Donald Trump are an effort to protect the interests of US manufacturers.
Why President Trump Thinks Tariffs Are a Good Measure
President Donald Trump’s announcement about tariffs on steel (SLX) and aluminum (AA) imports shouldn’t come as a surprise.
Steel Tariffs to Support US Steel Prices
Cleveland-Cliffs (CLF) sounded bullish regarding its realized prices from the US segment on its 4Q17 earnings call.
How US Steel Import Tariffs Could Affect Cleveland-Cliffs in 2018
US steelmakers (SLX) were facing an onslaught of increasing steel imports into the US, which impacted their capacity utilization and pricing power negatively.
How US Steel Tariffs Could Affect Cleveland-Cliffs
On February 16, 2018, the US Department of Commerce recommended a broad range of duties on steel and aluminum imports.
Large Speculators’ Positions on the S&P 500 Index Last Week
The S&P 500 Index’s large speculators increased the number of net bullish positions for the first time in five weeks.
Cleveland-Cliffs Stock Rises on Tariff Recommendations
On February 16, 2018, the US Department of Commerce released its recommendations for the Section 232 probe into steel and aluminum imports.
Why Credit Suisse Double-Upgraded Cleveland-Cliffs
On February 7, 2018, Credit Suisse upgraded Cleveland-Cliffs stock two notches from “underperform” to “outperform.” It also raised the stock’s target price by 80% from $5.0 to $9.0.
CLF: US Steel Imports Surged 15% in 2017—Will 2018 Differ?
The US iron ore segment contributes to the majority of Cleveland-Cliffs’ (CLF) revenues and earnings. Cliffs investors track imports data, which directly impact Cliffs’s customers such as AK Steel (AKS).
US Realized Prices Look Bright for Cleveland-Cliffs in 2018
Cleveland-Cliffs’ realized revenues during 4Q17 came in at $83.4 per ton, which represented an increase of 13% year-over-year (or YoY).
These Factors Could Affect CLF’s Valuation
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.
What Technical Indicators Say about Cliffs and Peers
Based on its January 12, 2018, closing price, Cleveland-Cliffs is trading ~28% above its 50-day moving average and 15.4% above its 20-day moving average.
Why Analysts Project Lower Net Debt for Cliffs in 2017
Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it has come a long way with respect to debt levels.
What to Expect from Cleveland-Cliffs’ 4Q17 US Volumes
Cleveland-Cliffs (CLF) achieved US volumes of ~5.9 million tons in 3Q17, an increase of 11% year-over-year (or YoY).
How Analysts View Cleveland-Cliffs’ Earnings for 2017 and Beyond
In this article, we’ll discuss analysts’ projections for Cleveland-Cliffs (CLF). Investors should note that drivers for CLF are quite different from those of its seaborne peers.
How US Steel Production Can Support Cleveland-Cliffs’ Volumes in 2018
According to the World Steel Association, 6.7 million tons of crude steel were produced in the US in November 2017 compared to 7.0 million tons in October 2017.
Iron Ore: Could China’s Auto Sales Hit a Rough Patch in 2018?
The China Association of Automobile Manufacturers originally forecast 5.0% growth in total vehicle sales for 2017.
Cleveland-Cliffs and Peers: Taking a Look at Technical Indicators
Among all the iron ore miners as well as US steel stocks, Cleveland-Cliffs (CLF) has given the most negative return in the trailing three months, amounting to -19.5%.
China’s Steel Demand Indicator Slowdown—How Will Iron Ore React?
China’s property sector is one of the most steel-intensive sectors, consuming approximately 50% of overall steel in the country.
Does 2018 Bode Well for US Steel Prices?
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.