CLF Receives $500 Million DOE Support for Middletown Works Upgrade
Cleveland-Cliffs Inc. (CLF) is investing $1 billion to modernize its Middletown Works facility, with half of the funding coming from the U.S. Department of Energy. The updated plan focuses on improving the efficiency of the existing coal-fired blast furnace, rather than the previously planned decarbonization, as customers were not willing to pay a premium for lower-carbon steel. This investment aims to protect 2,300 jobs, support 1,500 construction workers, and strengthen the U.S. steel supply chain.
Cleveland-Cliffs Jumps 8.1% Amid Sector-Wide Rally
Cleveland-Cliffs (CLF) stock surged 8.1% to $11.61 on Friday, driven by a broad rally across the steel sector. This synchronized movement suggests sector-wide buying based on renewed confidence in steel pricing or industrial demand, rather than company-specific news. Despite leading the gains among its peers, no specific catalyst for Cleveland-Cliffs' outperformance was identified.
Cleveland-Cliffs plans $1B Middletown Works upgrade, backed by $500M DoE grant (CLF:NYSE)
Cleveland-Cliffs (CLF) plans a $1 billion modernization project at its Middletown Works facility in Ohio, supported by a $500 million grant from the U.S. Department of Energy. This news led to an 8.1% increase in the company's stock on Friday. The project aims to upgrade the facility, with final negotiations and implementation plans underway.
Cleveland-Cliffs, Department of Energy to invest $1B in Ohio steel plant
Cleveland-Cliffs and the Department of Energy are planning a significant $1 billion investment to modernize the Middletown steel plant in Ohio. This modernization project aims to enhance the facility's operations and ensure its long-term viability. The investment highlights a collaborative effort between a major industrial company and a government department to support American manufacturing.
Cleveland-Cliffs' Middletown steel plant getting a $1B upgrade
Cleveland-Cliffs and the U.S. Department of Energy are jointly investing $1 billion into a major overhaul of the Middletown steel plant. This project aims to preserve 2,300 jobs, enhance the plant's competitiveness, and includes upgrades to the blast furnace, new material-handling infrastructure, AI-enabled technology, and a co-generation facility. Construction is expected to begin soon, with the blast furnace rebuild slated for completion in Q1 2030.
CLF - Cleveland-Cliffs Inc Latest SEC Filings
This Finviz report provides a detailed financial overview of Cleveland-Cliffs Inc (CLF), including its latest stock performance, market capitalization, income, sales, and various financial ratios. It also lists insider and institutional ownership, analyst recommendations, and key performance metrics over different periods.
Cleveland-Cliffs plans $1B Ohio steel upgrade to preserve 2,300 jobs
Cleveland-Cliffs Inc. announced a $1 billion investment in its Middletown Works plant, supported by a $500 million U.S. Department of Energy grant, to modernize its automotive-grade steel production. The project, expected to commence soon and conclude by Q1 2030, will include state-of-the-art upgrades to the blast furnace, advanced material handling, AI-enabled process control, and a cogeneration facility to improve energy efficiency and preserve 2,300 jobs. Vice President J.D. Vance and other dignitaries are visiting the plant to highlight the investment's significance for American steelmaking and energy independence.
JD Vance, Cleveland-Cliffs announce $1B plan for Middletown plant
Cleveland-Cliffs Inc. and Vice President JD Vance announced a plan to build a new $1 billion modernization project at the company’s Middletown Works iron and steel mill. The announcement was made on Friday, August 21, 2026. This significant investment aims to upgrade the Middletown plant.
Cleveland-Cliffs Drops 6.2% Amid Sector-Wide Selling
Cleveland-Cliffs (CLF) shares dropped 6.2% to $10.48 on Thursday due to a broad selloff affecting steel producers. This decline was part of a wider sector retreat, with other steel companies also experiencing significant drops. The coordinated selling suggests a reassessment of risk across the steel industry, possibly due to changing views on demand, input costs, or broader economic concerns.
CLF Stock Draws Mixed Wall Street Signal As Debt Looms
Cleveland-Cliffs Inc. (CLF) stock is facing mixed signals from Wall Street due to concerns over its high debt load, despite a strengthening near-term steel market. Barclays raised its price target for CLF but maintained an "Underweight" rating, indicating limited upside. The company shows strong revenue but inconsistent profits, with significant long-term debt creating a "tug-of-war" for traders between cyclical tailwinds and balance-sheet risk.
Cleveland-Cliffs (NYSE: CLF): Can Execution Strengthen the Steel Story?
This article examines how Cleveland-Cliffs' operational execution, including commodity exposure, production efficiency, cost management, and capital allocation, can strengthen its position in the steel and mining sector. It highlights the importance of financial resilience and disciplined planning in navigating market changes and improving the company's long-term business outlook. The author emphasizes that company-specific execution will be a more significant market signal than broader index movements.
CLF Stock Faces Cautious Target Hike As Debt Looms
Cleveland-Cliffs Inc. (CLF) stock is experiencing bearish sentiment due to weakening steel demand and high debt. Barclays raised its price target from $9 to $10 but maintained an "Underweight" rating, indicating limited upside given the company's leverage. Despite generating solid revenue and positive operating cash flow, CLF posted a net loss, with substantial long-term debt remaining a primary concern for investors.
CLF4966944 Bond Profile — Key Metrics
This article provides a detailed profile of the Cleveland-Cliffs Inc. 7.0% 15-MAR-2027 bond (CLF4966944). It includes key metrics such as the issuer, issue date, maturity date, outstanding amount, face value, minimum denomination, and coupon rate. The bond is currently marked as "No trades" and has no credit rating.
Is Cleveland-Cliffs Inc (CLF) Overvalued After 3.5% Rally? GF Value Says Overvalued
Cleveland-Cliffs Inc (CLF) shares recently rallied 3.5% to $12.31, but GuruFocus' GF Value™ indicates the stock is 9.9% overvalued compared to its intrinsic value of $11.20. Despite an above-average GF Score™ of 74/100, the company is unprofitable and cash-flow-negative, with a high forward P/E of 655.4x and significant insider selling, suggesting caution for investors.
Cleveland Cliffs (CLF) Stock May Be 41% Undervalued On Sales And Cash Flow
Cleveland-Cliffs Inc. (CLF) stock has seen a significant 48.1% decline over the past five years, yet current valuations suggest it may be undervalued by as much as 41% based on discounted cash flow and sales multiples. The article highlights a disconnect between the poor long-term stock performance and its current cheap valuation, prompting investors to consider whether the current discount provides a sufficient margin of safety. While valuation checks lean towards the stock being undervalued, its future performance hinges on sustained steel demand, capital discipline, and resolution of concerns regarding policy support and capital needs.
SFE Investment Counsel Acquires New Shares in Cleveland-Cliffs Inc. $CLF
SFE Investment Counsel has acquired 911,796 new shares in Cleveland-Cliffs Inc. (NYSE:CLF) during the second quarter, valued at approximately $8.56 million, making up 0.16% of the company. Institutional investors now collectively own 67.68% of CLF. Analyst sentiment is mixed but leans neutral, with a consensus price target of $11.86, and the company recently reported a quarterly loss of $0.20 per share, which was better than expected.
28-year-old father of 6 Jonathan Stepp killed while working at Cleveland Cliffs Burns Harbor steel plant in NW Indiana: union
Jonathan Stepp, a 28-year-old father of six, was killed in an industrial accident while working at the Cleveland Cliffs Burns Harbor steel plant in northwest Indiana. Stepp was an Operating Engineer working for Phoenix Services, a contractor at the plant, and his union, IUOE Local 150, described the incident as a tragic reminder of the dangers inherent in the steel and slag industry. The exact cause of the accident, which occurred while Stepp was operating a pot hauler, is still under investigation.
Cleveland-Cliffs wants to use green energy grant to preserve coal-burning technology
Cleveland-Cliffs plans to redirect a $500 million federal grant, originally intended to cut greenhouse gas emissions by replacing a coal-burning blast furnace at its Middletown steel plant, to instead preserve and optimize the existing coal-burning technology. The company CEO cited a lack of available clean hydrogen for the change in plans, and the Department of Energy still needs to approve this re-scoping, which some climate advocacy groups argue goes against the grant's original purpose of reducing carbon emissions.
Duo accused of stealing grounding coils worth thousands from Cleveland-Cliffs Mill
Two men, Christopher King and Nicholas Strohl, have been arrested and charged with burglary and criminal trespassing after allegedly stealing industrial grounding cables worth thousands of dollars from a Cleveland-Cliffs facility in Dauphin County, Pennsylvania. Surveillance video captured the incident, and police later found the men with the stolen cables, power tools, and suspected drug paraphernalia.
Is Cleveland-Cliffs (NYSE:CLF) In Focus As Infrastructure Demand Lifts Steel?
Cleveland-Cliffs (NYSE:CLF) is gaining attention as an integrated iron ore and steel producer, prominent due to the rising demand from infrastructure and automotive sectors. The company's unique position in the domestic market, spanning from raw material extraction to finished steel products, makes it a key indicator for steel demand. Its performance is influenced by broader market trends, competitive dynamics, and ongoing infrastructure and manufacturing activities, distinguishing it from other metal producers.
Quantinno Capital Management LP Buys 86,036 Shares of Cleveland-Cliffs Inc. $CLF
Quantinno Capital Management LP significantly increased its stake in Cleveland-Cliffs Inc. by 68% in the first quarter, acquiring an additional 86,036 shares, bringing their total holdings to 212,522 shares valued at approximately $1.8 million. Other institutional investors like Vanguard, State Street, Castle Hook Partners, and Maple Rock Capital also increased their positions in the company, with institutional ownership now at 67.68%. Despite some analysts maintaining a cautious "Hold" rating, Cleveland-Cliffs recently surpassed quarterly EPS and revenue expectations.
Pacer Advisors Inc. Sells 660,876 Shares of Cleveland-Cliffs Inc. $CLF
Pacer Advisors Inc. significantly reduced its stake in Cleveland-Cliffs Inc. by 91% in the first quarter, selling over 660,000 shares. Despite this, other major institutional investors like Vanguard and State Street increased their holdings, with institutions collectively owning 67.68% of the company's stock. Cleveland-Cliffs reported a smaller-than-expected quarterly loss and a 5.9% increase in revenue year-over-year, while analysts maintain a consensus "Hold" rating with an average price target of $11.86.
Cleveland-Cliffs Inc. (CLF) Stock Forecasts
Cleveland-Cliffs Inc. is a leading North American steel supplier and iron ore specialist. An Argus analyst report suggests waiting for a better entry point for the stock. The company employs approximately 25,000 people and covers mining, pelletizing, and beneficiation of iron ore.
Cleveland-Cliffs Inc. $CLF Stake Raised by Sei Investments Co.
Sei Investments Co. significantly increased its stake in Cleveland-Cliffs Inc. by 95.4% in the first quarter, now owning 302,972 shares valued at approximately $2.56 million. Despite institutional interest, the company reported a quarterly loss of $0.20 per share, though this beat estimates, and its revenue rose 5.9% year-over-year to $5.23 billion. Analyst sentiment remains cautious, with a consensus "Hold" rating and an average price target below the stock's recent trading price.
Assenagon Asset Management S.A. Acquires 4,067,994 Shares of Cleveland-Cliffs Inc. $CLF
Assenagon Asset Management S.A. significantly increased its stake in Cleveland-Cliffs Inc. by 208.2% in Q2, acquiring over 4 million additional shares. This brought their total holdings to 6.02 million shares, representing 1.06% of the company. The company reported better-than-expected Q2 earnings with revenue up 5.9% year-over-year, though analysts remain mixed with a "Hold" rating and an average price target of $11.86.
Cleveland-Cliffs Inc (CLF) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for Cleveland-Cliffs Inc (CLF), highlighting its current earnings forecast score of 6.25 and an average price target of $13.00 based on 16 analysts. It details expected future EPS and revenue figures, noting the company's past EPS performance and the prevailing "Hold" rating from analysts.
State Street Corporation (NYSE: CLF custodian) reports 5.8% Cleveland-Cliffs stake
State Street Corporation has reported a 5.8% passive ownership stake in Cleveland-Cliffs Inc., holding 33,248,560 shares as of June 30, 2026. The financial institution exercises shared voting power over 31,764,246 shares and shared dispositive power over all 33,248,560 shares, primarily through its subsidiaries. This disclosure, filed under SCHEDULE 13G, indicates State Street acts as a parent holding company with investment adviser and bank subsidiaries.
California State Teachers Retirement System Buys 123,660 Shares of Cleveland-Cliffs Inc. $CLF
The California State Teachers Retirement System increased its stake in Cleveland-Cliffs Inc. (NYSE:CLF) by 23% in the first quarter, purchasing an additional 123,660 shares to hold a total of 662,180 shares valued at approximately $5.6 million. This move is part of broader institutional investor activity in CLF, which collectively owns 67.68% of the company. Despite recent positive earnings results exceeding analyst expectations, the company continues to face mixed analyst sentiment and negative margins.
Cleveland-Cliffs (CLF) Is Up 11.2% After Narrowing Q2 Losses And Pausing Buybacks - What's Changed
Cleveland-Cliffs (CLF) reported narrowed losses and increased sales in Q2 2026, with sales reaching US$5,226 million and a net loss of US$145 million. The company has paused its share buyback program. Despite improved operational efficiency, CLF remains loss-making, with its future tied to its vertically integrated steel model, auto exposure, and policy risks such as Section 232 tariffs.
CLF5158705 Bond Profile — Key Metrics
This article provides a bond profile for Cleveland-Cliffs Inc. 7.0% 15-MAR-2027 (CLF5158705). It details key metrics such as issuer, issue date, maturity date, outstanding amount, face value, minimum denomination, and coupon rate. The company, Cleveland-Cliffs Inc., is described as a flat-rolled steel company founded in 1847, headquartered in Cleveland, OH.
Cleveland-Cliffs (CLF) Is Up 11.2% After Narrowing Q2 Losses And Pausing Buybacks - What's Changed
Cleveland-Cliffs (CLF) reported improved Q2 2026 results with sales of US$5,226 million and a net loss of US$145 million, narrower than the previous year, while halting share repurchases. Despite the operational improvements and higher sales, the company remains loss-making, with its investment narrative still dependent on consistent profits from its integrated steel model and resolution of policy risks like Section 232 tariffs. Analysts are re-evaluating their cautious outlooks as the company shows progress in narrowing losses.
CLF6199738 Bond Profile — Key Metrics
This article provides a bond profile for Cleveland-Cliffs Inc.'s CLF6199738 bond, detailing key metrics such as the issuer, issue date, maturity date, outstanding amount, face value, and coupon rate. It also includes a brief description of Cleveland-Cliffs Inc., a flat-rolled steel company. The bond is a 7.625% bond maturing on January 15, 2034.
Edgestream Partners L.P. Acquires 236,031 Shares of Cleveland-Cliffs Inc. $CLF
Edgestream Partners L.P. significantly increased its stake in Cleveland-Cliffs Inc. by 73.5% in the first quarter, now owning 557,261 shares valued at $4.7 million. This move is part of broader institutional investment, as these entities collectively hold 67.68% of the company. Analyst sentiment remains mixed, with a "Hold" consensus and an average price target of $11.86, while the company recently reported revenue of $5.23 billion and an adjusted loss of $0.20 per share.
USW provides update on bargaining with Cliffs
The United Steelworkers (USW) are continuing negotiations with Cleveland-Cliffs regarding their Training Committee and Contracting Out Committee. These discussions aim to preserve jobs, improve training access, and strengthen the union workforce. Master contract negotiations with U.S. Steel and Cleveland-Cliffs began on July 20, with existing contracts expiring on September 1.
Cleveland-Cliffs (CLF)'s Technical Outlook is Bright After Key Golden Cross
Cleveland-Cliffs (CLF) has experienced a "golden cross" as its 50-day simple moving average surpassed its 200-day moving average, signaling a bullish technical outlook. This technical pattern, combined with an 18% gain over the past four weeks and a #2 (Buy) Zacks Rank, suggests potential for further stock breakout. The positive earnings outlook, with four upward revisions in the last 60 days, further solidifies the bullish case for investors.
Cleveland-Cliffs Inc (CLF) Technical Analysis: Support, Resistance, Indicators & Moving Averages
This article provides a technical analysis of Cleveland-Cliffs Inc (CLF), detailing its price momentum, support and resistance levels, and various technical indicators like MACD, RSI, and moving averages. The stock's current price momentum score is 5.34, ranking 10th in its industry, and it is trading between a resistance of $13.12 and a support of $9.49. Based on moving averages and other technical indicators, the overall signal for CLF is currently neutral.
Why Cleveland-Cliffs (CLF) Is Up 29.5% After Narrowing Losses And Elevating Its CFO To President
Cleveland-Cliffs reported improved Q2 2026 results, narrowing net losses to US$145 million and increasing sales to US$5,226 million. The company also elevated CFO Celso Goncalves to President and Board member, highlighting a focus on efficiency and capital allocation. Despite these moves and a recent share repurchase program, Cleveland-Cliffs remains a cyclical, loss-making steel producer sensitive to market changes, with a fair value estimate of $11.65, presenting a slight downside to its current price according to some analyses.
Cleveland-Cliffs Inc (CLF) Institutional Confidence
Cleveland-Cliffs Inc (CLF) currently holds an institutional shareholding score of 7.00, placing it 13th out of 127 companies in the Metals & Mining industry. The latest institutional shareholding proportion is 82.30%, marking a 6.82% increase quarter-over-quarter. Paul Tudor Jones is the largest institutional shareholder, holding 2.41 million shares, representing 0.64% of outstanding shares.
A 5-Day Winning Streak Has Cleveland-Cliffs Stock Up 36%
Cleveland-Cliffs (CLF) stock has gained 36% over a five-day winning streak, adding $1.9 billion to its market value, now at $7.0 billion. Despite this momentum, the company's financial metrics, such as revenue growth (4.0%) and operating margin (-4.2%), lag behind the S&P 500 medians. The article suggests that while a streak indicates market attention, it necessitates a deeper look into the underlying fundamentals before making investment decisions.
Cleveland-Cliffs Sees Much Stronger Second Half, More Growth Into ’27
Cleveland-Cliffs expects a significant boost in profits for the second half of 2026 and into 2027, driven by higher steel prices, lower costs, and increasing automotive demand. The company anticipates a substantial increase in adjusted EBITDA, reaching $575 million in Q3 2026 and potentially $3.3 billion for the full year 2027. Executives also indicated a reduced likelihood of further asset sales due to disappointing bids, stating they are not desperate to sell.
Cleveland-Cliffs (CLF) Just Reclaimed the 50-Day Moving Average
Cleveland-Cliffs (CLF) has reclaimed its 50-day moving average, signaling a potential short-term bullish trend. The stock has gained 19.9% in the past four weeks and holds a Zacks Rank #2 (Buy), supported by positive earnings estimate revisions. This combination suggests further gains for investors.
Cleveland-Cliffs (NYSE:CLF) shares surge 29% as increased steel prices counteract decline in shipments
Cleveland-Cliffs (NYSE:CLF) shares surged 29% due to increased steel prices, which offset a 2% decline in shipments. The company projects a third-quarter adjusted EBITDA of approximately $575 million, doubling from the second quarter, based on a forecast of higher average selling prices and increased shipment volumes. While debt remains a key financial risk, management expects leverage to decline to under 2.5 times debt-to-EBITDA by mid-2027, driven by anticipated earnings and cash flow.
Why Cleveland-Cliffs Stock Jumped Despite Its Latest Quarterly Loss
Cleveland-Cliffs (CLF) stock surged nearly 9% despite reporting a quarterly loss, driven by strong forward guidance. The market reacted positively to management's forecast of significantly higher adjusted EBITDA for the upcoming quarters, an expected boost from resetting fixed-price contracts, and increased automotive shipments, indicating anticipated profit recovery.
Cleveland-Cliffs Revenue Up on Continued Steel Demand
Cleveland-Cliffs reported a rise in first-quarter revenue, reaching $5.23 billion, driven by continued strong steel demand. The company also announced the appointment of its CFO, Celso Goncalves, to the additional role of president and a seat on the board of directors.
Cleveland-Cliffs Inc. Revenue Breakdown – NYSE:CLF
This article provides a brief overview of Cleveland-Cliffs Inc.'s revenue breakdown. In the last fiscal year, the company generated $18.61 billion USD, with the Steelmaking segment contributing the vast majority at $18.06 billion USD. The United States was the primary geographic contributor, accounting for $15.89 billion USD of the revenue.
CLF|Cleveland-Cliffs Inc|Price:11.960|Chg%:+0.030
This article provides a comprehensive stock analysis of Cleveland-Cliffs Inc (CLF) by TradingKey. It highlights the company's relatively weak fundamentals but good growth potential, fair valuation, and very high institutional ownership. Despite a recent strong stock market performance, the analysis suggests weak underlying fundamentals and technicals, noting the stock is trading sideways, suitable for range-bound swing trading.
Cleveland-Cliffs Inc (CLF) Stock Up 16.0% and Still Undervalued -- GF Score: 74/100
Cleveland-Cliffs Inc (CLF) shares recently rose 16.0% to $10.96, yet GuruFocus assesses the stock as "Fairly Valued" and potentially undervalued by 7.7% compared to its GF Value™ of $11.88. Despite a strong Valuation score of 8/10 and an Above Average GF Score™ of 74/100 for long-term potential, its P/E ratio of 583.3x is significantly higher than its historical median, and insiders have sold $2.9 million in shares in the last three months, signaling caution for investors.
Cleveland-Cliffs offers ‘bright’ Q3 outlook despite maintenance outages
Cleveland-Cliffs expects its adjusted EBITDA to more than double in Q3, forecasting $575 million, driven by rising steel prices, Section 232 tariffs, and strong automotive demand. The steel producer reported $286 million in adjusted EBITDA for Q2, its best quarter in two years, despite maintenance outages and lagged contracts. CEO Lourenco Goncalves also announced that CFO Celso Goncalves has been appointed to the board and given the role of president, signaling an early stage father-son transition plan.
Cleveland-Cliffs Stock Surges As Earnings Guidance Ignites Bulls
Cleveland-Cliffs Inc. (CLF) stock surged by over 9% and peaked at nearly 19% intraday after its Q2 earnings beat expectations. The company provided strong Q3 adjusted EBITDA guidance of $575 million, doubling Q2's $286 million, and expects Q3-Q4 EBITDA to more than double Q2 and exceed 2021's second-half levels. This positive outlook is driven by anticipated higher steel demand, pricing, and efficiency gains from its partnership with Palantir, signaling a significant sentiment shift for the stock.
CLEVELAND-CLIFFS INC. Q2 2026: Revenue $5226M, EPS $(0.25) — 10-Q Summary
Cleveland-Cliffs Inc. (CLF) reported its Q2 2026 results, showing revenue of $5226 million and a diluted EPS of $(0.25), an improvement compared to Q2 2025. The company's revenue growth was driven by higher hot-rolled coil pricing and a shift towards higher-margin products, along with strategic operational improvements. Vertical integration and lower raw material costs also contributed to a competitive cost advantage.
