Cleveland-Cliffs Inc is a leading iron ore mining company that specializes in the production and supply of iron ore pellets and other raw materials essential for steelmaking
With a focus on sustainable mining practices, the company operates various mining and processing facilities across the United States and Canada. Cleveland-Cliffs serves a diverse range of customers in the steel industry, offering high-quality iron ore products that support both domestic and international steel production. The company is committed to innovation and operational efficiency, aiming to meet the evolving demands of the market while prioritizing environmental stewardship.
Cleveland-Cliffs Inc. (NYSECLF) announced today that it held its fifth annual Souper Bowl Food Drive across 50 of its operations and offices to address food insecurity in the local communities where the Company operates. Cleveland-Cliffs’ employees collected an astounding 415,000 pounds of non-perishable food items during the one-week food drive held in February 2025. In conjunction with the food donations, Cleveland-Cliffs, The Cleveland-Cliffs Foundation and Stelco Holdings have also made cash contributions totaling $270,000 to support the selected 45 food distribution organizations.
The company cited the fall in steel demand for its performance while noting that “too much imported steel from abroad… drove unsustainably low steel prices.”
Demand for steel in the U.S. weakened in 2024 after a substantial rise in 2023. Factors like sluggish industrial production and construction activity during Q4 are expected to put downward pressure on Cleveland-Cliffs’ revenue.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
Tariffs on metal imports create opportunities in ETFs focused on U.S. steelmakers. Top picks are VanEck Steel, SPDR S&P Metals & Mining, and Global X U.S. Infrastructure Development ETF.
Analysts at Morgan Stanley underscored their bullish outlook for the industry after the Trump administration formalized tariffs on steel and aluminum imports.
Allianz Chief Economic Advisor Mohamed El-Erian warned that while President Donald Trump's evolving tariff strategy may deliver immediate gains, it risks longer-term economic damage through stagflation and eroded U.S. global influence.
The industrial products and basic materials sectors saw a nice spike today, particularly among U.S. stocks as their foreign counterparts fell on news of President Trump’s plan to implement a 25% tariff on imported steel and aluminum.
Markets were flat but positive in an initial trading day for a new week, basically shrugging off whatever warning signs may have been considered regarding President Trump’s 25% steel tariff headline this morning.
Cleveland-Cliffs’ stock surge follows optimism around U.S. President Trump’s protectionist trade policies that could shield U.S. steelmakers from foreign competition.
One of the biggest impacts that the threat of tariffs is creating is within the gold and silver market. As U.S. suppliers scramble for supply, we're seeing London vaults empty and prices surging.
Frank Lavin, the Former U.S. envoy to Singapore, has cautioned that the tariffs imposed by President Donald Trump are 'Punitive' and could result in job losses in the U.S.
Leading economists criticized former President Donald Trump's plan to reimpose 25% tariffs on metal imports, while U.S. steel stocks rallied sharply during Monday's trading session amid expectations of reduced foreign competition.
