Why Is Cleveland-Cliffs (NYSE:CLF) Easing as Steel Names Come Under Pressure?
Cleveland-Cliffs (NYSE:CLF) experienced a decline as broader pressure on steel companies, influenced by fluctuating steel prices, automotive demand, and tariff discussions, affected the metals and mining sector. As a vertically integrated steel producer with significant exposure to the automotive industry and sensitivity to trade measures, the company's performance is closely tied to these external factors and the overall economic mood. The article highlights Cleveland-Cliffs' position within the steel market, its cost control through raw material integration, and its navigation through the cyclical nature of the steel business.
Cleveland-Cliffs stock gets Wells Fargo upgrade to USD 14.00 target
Wells Fargo has upgraded Cleveland-Cliffs stock to Overweight from Equal Weight, raising its price target to USD 14.00, citing expected earnings growth from Canadian steel prices and contract resets in late 2026 and 2027. The bank projects a 2027 EBITDA of USD 2.65 billion, while also highlighting the company's USD 7.703 billion long-term debt as a central risk. Cleveland-Cliffs reported second-quarter revenue of USD 5.2 billion and is scheduled to release its third-quarter 2026 results on October 19.
Cleveland-Cliffs boss dismisses idea of nationalizing Stelco as Ottawa pushes to preserve jobs
Cleveland-Cliffs CEO Lourenco Goncalves has dismissed the idea of nationalizing Stelco, comparing it to an economic disaster in Venezuela, despite Ottawa's pressure to preserve jobs and its threat of legal action. The company is facing scrutiny for planning layoffs at its Canadian steel plants, which Ottawa alleges violates an agreement made during the acquisition of Stelco. Goncalves attributes the need for layoffs to the U.S. trade war and insufficient action from the Canadian government, while also clashing with a Canadian steel customer over the viability of the galvanized steel market.
Wells Fargo Upgrades Cleveland-Cliffs to Overweight From Equalweight, $14 Price Target
Wells Fargo has upgraded Cleveland-Cliffs (CLF) from Equalweight to Overweight and set a new price target of $14. The article also mentions recent news and updates concerning Cleveland-Cliffs, including a previous adjustment of the price target to $14 from $12 by Wells Fargo on October 6th, and various reports on its Canadian operations and financial guidance.
Cleveland-Cliffs $200M Butler Works Expansion Backed by $75M DOE Grant - News and Statistics
Cleveland-Cliffs is expanding grain-oriented electrical steel production at its Butler Works facility in Pennsylvania with a $200 million investment, supported by a $75 million grant from the U.S. Department of Energy. This expansion aims to meet the growing demand for transformers and modernize the U.S. power grid, driven by infrastructure upgrades and the construction of data centers. Separately, Cleveland-Cliffs is suspending some production capacity at its Stelco plant in Canada due to trade tariffs and market crises.
Canadian government gives Cliffs five days to act over Stelco layoffs
The Canadian government has issued an ultimatum to Cleveland-Cliffs Inc., giving the company five days to respond to a letter from Industry Minister Mélanie Joly regarding recent layoffs at Stelco. Failure to comply could lead to legal action, as Ottawa seeks a plan to ensure employment at Stelco. This comes after Stelco announced it would indefinitely idle its Hamilton finishing operations.
Cleveland-Cliffs upgraded at Wells Fargo on steel pricing power (CLF:NYSE)
Wells Fargo has upgraded Cleveland-Cliffs (CLF) to Overweight from Equal Weight, raising its price target to $14 from $12. This upgrade is considered a "tactical call" as the steel pricing cycle is believed to be nearing its peak, but the benefits for Cleveland-Cliffs are still significant.
Cleveland-Cliffs Inc (CLF) Stock Up 7.8% but GF Value Says Overv
Cleveland-Cliffs Inc (CLF) saw its stock rise by 7.8% but is still considered 6.9% overvalued according to GuruFocus's GF Value, despite a GF Score of 77/100. The company faces challenges including unprofitability, negative cash flow, and weak financial strength, compounded by significant insider selling. While profitability and momentum ratings are strong, the overvaluation and insider activity suggest caution for investors.
A $200 million project will expand steel production for power-grid transformers by up to 25%.
Cleveland-Cliffs Inc. announced it is hosting U.S. government officials at its Butler Works facility to showcase a $200 million investment in its Grain Oriented Electrical Steel (GOES) expansion project. This project, supported by a $75 million federal award, is expected to increase GOES production by up to 25%, strengthening the domestic supply chain for electrical transformers crucial to the nation's power grid. The expansion aims to enhance steel quality, improve operating efficiency, and support growing domestic demand for transformers, with completion expected in early 2028.
Cleveland-Cliffs to Host U.S. Secretary of Energy Chris Wright and Other Government Officials at Butler Works to Showcase GOES Expansion Project
Cleveland-Cliffs Inc. (NYSE: CLF) will host U.S. Secretary of Energy Chris Wright, Assistant Secretary of Energy Audrey Robertson, and Under Secretary of Commerce William Kimmitt at its Butler Works facility on October 6, 2026. The visit aims to highlight the company's $200 million Grain Oriented Electrical Steel (GOES) expansion project, which is supported by a $75 million award from the Department of Energy. This investment seeks to strengthen domestic manufacturing of essential materials for electrical transformers, improve steel quality, and increase GOES production by up to 25 percent to meet growing demand for grid modernization.
Cleveland-Cliffs stock gains 10.38 percent before October 19 results
Cleveland-Cliffs Inc. (CLF) stock rose by 10.38% on October 5, 2026, driven by strong steel demand and positive expectations ahead of its Q3 2026 results scheduled for October 19. The company reported Q2 2026 consolidated revenue of $5.2 billion and steel product sales of 4.0 million net tons, exceeding consensus estimates. Analysts have a "Hold" consensus with an average price target close to the current market price, reflecting mixed views on the company's outlook.
Cleveland-Cliffs Stock Draws Bullish Targets Ahead Of Q3
Cleveland-Cliffs (CLF) stock has seen a nearly 8% increase due to positive outlooks on steel demand and pricing, with analysts raising price targets. The company reiterated a strong Q3 adjusted EBITDA forecast of $575M, a significant jump from Q2, and hinted at $700M for Q4, signaling robust momentum in the steel market. Investors are keenly watching CLF's upcoming Q3 earnings call on October 19, 2026, for confirmation of these figures and further guidance.
Cleveland-Cliffs rises 8% amid broader metals rebound (CLF:NYSE)
Shares of Cleveland-Cliffs (CLF) rallied approximately 8% on Monday, driven by a broader metals market rebound. This surge follows a challenging period for the stock, marking only its second gain in the last eight sessions. Investors are however concerned about long-term issues like potential competition, acquisition strategies, and tariff impacts.
Form 4 Cleveland-Cliffs Inc For: 2 October By Investing.com
This article announces a Form 4 filing for Cleveland-Cliffs Inc, dated October 2nd. It's a brief financial news update from Investing.com, typical of filings information. The core content is the announcement of the Form 4.
A Look at Cleveland-Cliffs Inc (CLF) After 4.2% Gain -- GF Value $11.38 vs Price $11.47
Cleveland-Cliffs Inc (CLF) shares recently rose 4.2% to $11.47, but the stock is considered slightly overvalued based on GuruFocus' GF Value™ of $11.38. Despite an above-average GF Score™ of 79/100 and a strong Valuation Rank, the company faces concerns regarding its financial strength and ongoing unprofitability. Significant insider selling over the past year further suggests a cautious outlook among those closest to the company.
Cleveland-Cliffs to Announce Third-Quarter 2026 Earnings Results and Host Conference Call on October 19
Cleveland-Cliffs Inc. (NYSE: CLF) will release its third-quarter 2026 earnings before the market opens on Monday, October 19, 2026. The company will also host a conference call for analysts and investors at 8:30 AM ET on the same day to discuss the results. Interested parties can access the live broadcast and an archived replay on the Cleveland-Cliffs website.
Press Release: Cleveland-Cliffs to Announce Third-Quarter 2026 Earnings Results and Host Conference Call on October 19
Cleveland-Cliffs Inc. (NYSE: CLF) announced it will release its third-quarter 2026 earnings results on October 19, 2026. Following the release, the company will host a conference call and webcast to discuss the results. The webcast will include a slide presentation and will be available for replay.
Cleveland-Cliffs to Announce Third-Quarter 2026 Earnings Results and Host Conference Call on October 19
Cleveland-Cliffs Inc. (NYSE: CLF) will release its third-quarter 2026 earnings results before the U.S. market opens on Monday, October 19, 2026. The company will also host a live conference call with securities analysts and institutional investors on the same day at 8:30 am ET to discuss the results. Interested parties can access the call and its replay on the company's website.
Ohio company slammed by Canadian government over Ontario steel plant closure
The Canadian government has criticized an Ohio-based company, Cleveland-Cliffs, for its decision to lay off hundreds of employees at its Stelco Holding Inc. steel plant in Ontario. Canadian Prime Minister Mark Carney accused the company of betraying Canadian workers. The layoffs are attributed to U.S. tariffs.
Cleveland-Cliffs stock heads toward an October 19 earnings test
Cleveland-Cliffs stock is approaching its October 19 earnings report with a Q3 2026 adjusted EBITDA guidance of USD 575 million, a significant increase from Q2's USD 286 million. This forecast, driven by higher steel prices, lower costs, and increased shipping volumes, will be a key focus for investors. Analysts like GLJ Research have raised price targets, reflecting optimism about the company's profitability and debt reduction efforts.
Canada PM Carney threatens Cleveland-Cliffs with legal action over Stelco ‘betrayal’
Canadian Prime Minister Carney has issued a threat of legal action against Cleveland-Cliffs regarding the closures at Stelco. This comes after an article published on September 30, 2026, details the situation. The dispute centers on what Carney has termed a "betrayal" by Cleveland-Cliffs concerning the Stelco operations.
Cleveland-Cliffs could face legal action for layoffs at Stelco
Cleveland-Cliffs Inc. may face legal action from the Canadian government for allegedly violating job commitments made during its 2024 acquisition of Stelco Holdings Inc. The company announced up to 500 layoffs at Stelco's Canadian plants, citing the U.S. trade war, despite previously promising to maintain employment levels for five years. The Canadian government, having offered financial support that was reportedly turned down, is now considering enforcement under the Investment Canada Act.
Cliffs’ Stelco set to idle some steel operations, reportedly cutting 350 jobs
Canadian steelmaker Stelco, a unit of Cleveland-Cliffs Inc., plans to "indefinitely idle" its cold-rolled and coated operations at Hamilton Works, leading to an anticipated cut of 350 jobs. The company attributes this decision to the sustained impact of U.S. tariffs and trade disruptions that have made the market for these products challenging and unsustainable in Canada. This move will shift Stelco's focus to hot-rolled steel production at its Lake Erie Works.
CLF Stock Slides As Traders Eye Debt, Margins And Key Support
Cleveland-Cliffs Inc. (CLF) stock has declined by 7.72% due to negative sentiment regarding weakening steel demand, high debt, and thin margins. Despite negative earnings, the company generated solid operating cash flow, providing some buffer. Traders are closely watching the $11 support level, with resistance around the $11.70–$12 zone, as the stock is considered a range-bound, cyclical play.
CLF Stock Slides As Traders Focus On Weak Margins
Shares of Cleveland-Cliffs Inc. (CLF) have dropped by 7.72% due to concerns over steel demand and pricing pressures, closing near $11.22 after breaking down from the $12.50–$13 range. Despite generating $18.61B in revenue, the company faces negative net margins and significant debt, leading to active trader focus on its price action between $11 support and $12 resistance. The article highlights that traders are treating CLF as a range and momentum play, rather than a steady compounder, given its volatile financial situation.
Cleveland-Cliffs to idle output at Canada steel plant, blames tariffs, says CBC
Cleveland-Cliffs (CLF.N) is set to idle its cold-rolled and coated operations at its Stelco plant in Hamilton, Ontario, affecting up to 500 workers. The company blames U.S. tariffs of up to 50% on Canadian steel and aluminum imports, which were implemented in June 2025. Stelco will concentrate its steel production at its Nanticoke, Ontario works and offer Hamilton employees jobs there.
Cleveland-Cliffs slides as report shows Stelco idling plant over US tariffs
Cleveland-Cliffs Inc. shares fell nearly 8% after reports that its Canadian subsidiary, Stelco Holdings Inc., plans to halt operations at its Hamilton Works facility due to ongoing U.S. import tariffs. This move highlights the difficulties Canadian steelmakers face from trade frictions and the resulting market contraction. Cleveland-Cliffs intends to restructure operations by shifting focus to its Lake Erie Works, aiming to maintain overall steel output while changing the product mix, despite an estimated 350 job cuts at the Hamilton plant.
Cleveland-Cliffs slides as report shows Stelco idling plant over US tariffs
Cleveland-Cliffs Inc. shares fell after reports that its Canadian subsidiary, Stelco Holdings Inc., plans to indefinitely idle its cold-rolled and coated operations at Hamilton Works due to ongoing U.S. import tariffs. The move is a significant setback for the Canadian steel sector, forcing Cleveland-Cliffs to restructure its operations by shifting focus to its Lake Erie Works facility and resulting in approximately 350 job cuts. While total steel output is expected to remain unchanged, the product mix will shift towards hot-rolled coil, raising investor concerns about potential margin compression.
Newell man killed at Cleveland-Cliffs Monessen plant
A Newell man, Jeffrey Smith, 53, died on Sunday, September 27, after being pinned between two door machines at the Cleveland-Cliffs Coke Works plant in Monessen. The Westmoreland County coroner's office is determining the cause and manner of death, while the Occupational Safety and Health Administration and Monessen Police Department are investigating the incident. Cleveland-Cliffs expressed deep sadness and stated that their thoughts are with the employee's family, friends, and co-workers.
Coroner called to Cleveland-Cliffs plant in Monessen after industrial accident
The Westmoreland County Coroner was called to the Cleveland-Cliffs Coke Plant in Monessen after an industrial accident where a man was reportedly pinned between two pieces of machinery. Emergency units responded to the plant at 4:15 p.m. No other injuries were reported in the incident at the facility located along the Monongahela River, which produces coke and related carbon by-products.
Coroner called to Cleveland-Cliffs plant following accident
A coroner was called to the Cleveland-Cliffs plant in Monessen, Pennsylvania, after an accident occurred. The incident, reported at 4:15 p.m. on Sunday, involved a male worker who was reportedly pinned between two door machines. Further details about the individual's condition or the cause of the accident were not immediately available.
Employee dies after getting pinned between door machines at Cleveland-Cliffs plant in Monessen
An employee, Jeffrey Smith, 53, died in an apparent workplace accident at the Cleveland-Cliffs coke plant in Monessen. He became pinned between two door machines. The Monessen police and Occupational Safety and Health Administration are investigating the incident.
Cleveland-Cliffs (NYSE:CLF) In Focus As Steel Pricing Takes Center Stage
Cleveland-Cliffs (NYSE:CLF) is garnering market attention due to its position as a major North American flat-rolled steel producer and the significant impact of steel pricing on its financial performance. The company benefits from tariff measures on imported steel, which support domestic prices, and steady demand from the automotive industry, its primary end market. Its vertical integration, controlling the entire raw-material chain from iron ore mining to steelmaking, distinguishes it from many peers and provides resilience against input cost fluctuations.
Investment Idea of the Day: Freedom Expects Cleveland-Cliffs Shares to Rise
Freedom Broker analysts recommend buying shares of U.S. steelmaker Cleveland-Cliffs (CLF) with a two-month target price of $13.90, representing an almost 9% upside from the current price of $12.8. Key catalysts include strong Q3 results, favorable conditions in the U.S. steel market due to limited imports and tariffs, and improved 2027 earnings expectations from contract repricing and Stelco's performance. The company's expected EBITDA rebound, debt reduction efforts, and potential additional $1 billion in 2027 EBITDA reinforce the investment thesis, though it is classified as high risk.
Can Cleveland-Cliffs (NYSE:CLF) Sustain Its Month-Long Rebound?
Cleveland-Cliffs (NYSE:CLF) has seen a month-long rebound, driven by improving demand, firm steel pricing, and modernization efforts at its Middletown Works. Despite this, the stock has lagged some peers due to its debt and heavy automotive exposure. The company's integrated model and focus on a lower-carbon future are key aspects as it navigates cyclical steel markets and trade measures.
Cleveland-Cliffs stock gains 2.71 percent to USD 12.87
Cleveland-Cliffs (CLF) stock increased by 2.71% to USD 12.87 on the NYSE, remaining below its 52-week high despite reporting USD 5.23 billion in Q2 2026 revenue. The company posted an adjusted loss of USD 0.20 per share, slightly better than analyst estimates, and sold 4.0 million net tons of steel. Analysts generally have a balanced view, with an average target of USD 12.06, though GLJ Research maintains a Buy rating with a USD 15.60 target.
Why is Cleveland-Cliffs (NYSE:CLF) in focus amid today’s metals and mining stocks discussion?
Cleveland-Cliffs (NYSE:CLF) is a central topic in today's metals and mining stock discussions, influenced by broader market trends like technology performance, changing oil prices, and Treasury yields. The article emphasizes that while macroeconomic factors set the stage, the company's operational execution, customer demand, and competitive strategies are critical to its performance. It also highlights how physical supply chains and evolving customer preferences shape the competitive landscape for Cleveland-Cliffs.
Cleveland-Cliffs stock holds near yearly lows as losses persist
Cleveland-Cliffs (CLF) stock traded at USD 12.33 on September 22, 2026, after a 2.24% rise, but remains near yearly lows with persistent losses. Despite Q2 FY26 revenue of USD 5.23 billion, the company reported negative earnings of USD 145 million. Analysts have mixed views, with GLJ Research maintaining a Buy rating and a USD 17.48 price target, while the broader consensus is a Hold with a USD 12.25 target.
Cleveland-Cliffs Jumps 5% as Month-Long Rebound Extends; Nucor and Steel Dynamics Tick Up
Cleveland-Cliffs (CLF) stock jumped 5% on Tuesday, extending a month-long rebound, even though it remains down 5% year-to-date. This surge is notable as there's no specific company news or steel-sector headline driving the action. The article suggests this movement is driven by "rebound buying" and valuation-hunting, given that CLF is a significant laggard compared to peers like Nucor (NUE) and Steel Dynamics (STLD), which have seen much larger year-to-date gains.
Cleveland-Cliffs Inc (CLF) Stock Down 3.4% but Still Overvalued -- GF Score: 73/100
Cleveland-Cliffs Inc (CLF) stock experienced a 3.4% drop but is still considered overvalued according to GuruFocus, with a GF Value™ of $11.35 against its current price of $12.07. The company's GF Score™ of 73/100 indicates above-average performance relative to peers, primarily driven by strong momentum, although its financial strength is notably weak at 3/10. Insider activity shows significant net selling, suggesting a cautious outlook from those within the company.
Cleveland-Cliffs (CLF) Stock Sinks As Market Gains: What You Should Know
Cleveland-Cliffs (CLF) stock dropped 2.04% to $12.50, underperforming the broader market. Despite this, the stock has gained 18.81% in the past month, surpassing its sector and the S&P 500. Analysts project a significant increase in EPS for the upcoming quarter and the full fiscal year, with the company currently holding a Zacks Rank of #3 (Hold).
Could Cleveland-Cliffs Inc. (NYSE:CLF) Signal A Steel Demand Shift?
This article examines Cleveland-Cliffs Inc. (NYSE:CLF) within the context of steel demand and industrial-market exposure, emphasizing that operational execution and genuine demand strength are more critical than market sentiment. It discusses how the company's strategy aligns with broader industry trends and the impact of macroeconomic factors like interest rates, energy costs, and technology on its performance. The piece concludes that sustained demand, strong execution, strategic alignment, clear communication, and adaptability are key for the company's long-term relevance.
Why Is Cleveland-Cliffs (NYSE) Drawing Fresh Attention?
Cleveland-Cliffs (NYSE: CLF) is gaining renewed attention in the metals and mining sector due to its clear alignment with industry-specific factors. The company's performance is primarily driven by project execution, resource quality, cost discipline, permitting, and end-market demand, rather than broader market sentiment. This focus on fundamentals makes Cleveland-Cliffs a useful case study for understanding the dynamics within the metals and mining industry.
Here is What to Know Beyond Why Cleveland-Cliffs Inc. (CLF) is a Trending Stock
Cleveland-Cliffs Inc. (CLF) is a trending stock due to recent interest from Zacks.com visitors, showing an 8.8% return over the past month. The article delves into the fundamental factors influencing its performance, including positive earnings estimate revisions and projected revenue growth, although its valuation is graded F on the Zacks Style Scores system. Despite its trending status, Cleveland-Cliffs holds a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market in the near term.
Cleveland-Cliffs (NYSE:CLF) Stays A Fixture As Sector Narratives Shift
This article examines how Cleveland-Cliffs (NYSE:CLF) remains a key indicator in the Metals and Mining sector amidst shifting market conditions. It highlights the company's centrality in discussions around steel production, automotive demand, raw material costs, and industrial activity, especially as commodity volatility, higher energy costs, and changing industrial demand influence broader market narratives. The piece emphasizes that CLF's performance offers a direct read on how macroeconomic factors are impacting the sector, making its operational execution and demand patterns crucial for investors.
Cleveland-Cliffs (NYSE:CLF) Shares Extend Gains on Steady Steel Pricing
Cleveland-Cliffs (NYSE:CLF) shares have extended gains, supported by steady automotive-linked orders and tariff-protected domestic steel pricing. The company's vertically integrated model, from iron-ore mining to finished steel production, provides a competitive advantage. Management is prioritizing cost reduction, consistent output, and capacity discipline, while facing challenges from emissions intensity and cyclical automotive demand.
(CLF) Risk Channels and Responsive Allocation
This article provides an AI-driven analysis for Cleveland-Cliffs Inc. (NYSE: CLF), highlighting a positive near-term sentiment that may shift and a mid-channel oscillation pattern. It outlines three distinct trading strategies (Position, Momentum Breakout, and Risk Hedging) with specific entry, target, and stop-loss levels, based on multi-timeframe signal analysis. The analysis also points out an exceptional short setup with a significant risk-reward ratio.
Steelworkers remain working under contract extensions
Thousands of steelworkers in northeastern Minnesota continue to work under extended labor contracts as negotiations between the United Steelworkers (USW) union, Cleveland-Cliffs Inc., and United States Steel Corp. are ongoing. The previous contracts expired on September 1, and negotiations have been extended for 30 days. Key issues include healthcare, pensions, safety, wages, paid time off, and retiree healthcare.
Cliffs, US Steel, USW negotiations continue
Cleveland-Cliffs and U.S. Steel have agreed to a 30-day extension for contract negotiations with the United Steelworkers (USW) union, covering tens of thousands of workers. These negotiations address critical issues such as wages, benefits, and job security, and are particularly notable for U.S. Steel following its acquisition by Nippon Steel Corp. The steelmakers and the union aim to reach agreements that secure strong worker protections and the future of the American steel industry.
Steelworkers pacts with U.S. Steel, Cleveland Cliffs expire
The United Steelworkers (USW) contracts with U.S. Steel and Cleveland Cliffs have expired, but negotiations will continue for another month with provisions extended. A key issue in the talks, involving 22,000 Steelworkers, is rising healthcare costs, which the union argues could negate any wage increases. New USW International President Roxanne Brown is focused on securing strong agreements that protect jobs and address healthcare, especially following divisions over Nippon Steel's acquisition of U.S. Steel.
