Cleveland-Cliffs Inc. (CLF) News
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CLF News Highlights
- CLF's 30 day story count now stands at 50.
- Over the past 28 days, the trend for CLF's stories per day has been choppy and unclear. It has oscillated between 1 and 10.
- MON, HUGE and HA are the most mentioned tickers in articles about CLF.
Latest CLF News From Around the Web
Below are the latest news stories about Cleveland-Cliffs Inc that investors may wish to consider to help them evaluate CLF as an investment opportunity.
Steel Dynamics topped views with Nucor and Cleveland-Cliffs due this week. Can they overcome peak steel-price fears?
A little money can go a long way in the right investments. Check out two stocks and an ETF that could be timely buys right now.
As the company broadens its vertical integration with its acquisition of a steel scrap business, CLF stock can be pushed to new heights.
Cleveland-Cliffs (CLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cleveland-Cliffs and Lourenco Goncalves Awarded Top Honors at S&P Global Platts 2021 Global Metals Ceremony
CLEVELAND, October 15, 2021--Cleveland-Cliffs Inc. (NYSE: CLF) announced today it took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award.
Cleveland-Cliffs , the flat-rolled steel producer, went through a rough month when shares fell 29% from August to September. Its future is now looking brighter as more growth is anticipated, argues Real Money's Stephen "Sarge" Guilfoyle. The company said on Oct. 11 it plans to buy Ferrous Processing and Trading, a large processor and distributor of ferrous scrap metal that focuses its operations in Ohio and Michigan.
Falling iron ore prices may be holding CLF stock down, but there's plenty on the horizon to send it trending higher again.
In the latest trading session, Cleveland-Cliffs (CLF) closed at $21.73, marking a +1.26% move from the previous day.
Steelmaker Cleveland-Cliffs (CLF) inked a deal to acquire scrap metal processor Ferrous Processing and Trading Company (FPT) and related entities for $775 million. Shares of the company were up 5.2% in early trading on Monday following the news. (See Cleveland-Cliffs stock charts on TipRanks) FPT is one of the largest processors and distributors of prime ferrous scrap in the United States, representing 15% of the domestic prime scrap market. FPT processes approximately 3 million tons of scrap every year across 22 scrap processing facilities. FPT generated EBITDA of approximately $100 million over the past year ending August 31, 2021.
The Cleveland-based steelmaker has posted record profits during the pandemic partly because it owns producers of its raw materials.