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CLF News9 articles
Nucor Stock Slides 6% on Q3 Forecast Shortfall
Nucor's Q3 earnings guidance midpoint of $5.60 fell 6.5% below consensus, sending shares down 6.3%. Analyst targets trimmed but Buy ratings persist.
Steel Dynamics Surges 5% as Canada Tariff Impasse Boosts Steel Margin Outlook
Steel Dynamics (STLD) rose 5% premarket after US-Canada trade talks collapsed, keeping 50% tariffs on Canadian steel, which could boost domestic steel prices and margins.
Cleveland-Cliffs Surges 29% as Steel Prices Offset Shipment Drop
Cleveland-Cliffs (CLF) shares surged 29% last week as higher steel prices more than offset a 2% decline in shipments. The company guided Q3 adjusted EBITDA to roughly $575 million.
Cleveland-Cliffs Stock Surges as Q3 Profit Outlook Hinges on Pricing Gains
Cleveland-Cliffs (CLF) shares jumped 6.8% on Friday as the company forecast Q3 adjusted EBITDA of $575 million, with nearly all growth attributed to improved pricing and cost reductions.
Cleveland-Cliffs Surges 17% as Steel Price Upturn Boosts Margins
Cleveland-Cliffs (CLF) shares surged 17% after forecasting Q3 adjusted EBITDA of $575 million, more than double Q2, as higher steel prices boosted margins despite lower shipment volumes.
Steel Dynamics Q2 earnings beat estimates as steel profit per ton jumps 26%
Steel Dynamics (STLD) reported Q2 earnings that topped estimates, with steel operating profit per ton surging 26% from the prior quarter. Shares fell over 2% in after-hours trading.
Cleveland-Cliffs Rebounds on Q1 Loss, Upbeat Cash Flow View
Cleveland-Cliffs shares jumped 7.37% to $9.76 Friday after a Q1 net loss of $229M, as management forecasts a stronger Q2 with higher shipments and prices.
Cleveland-Cliffs Leads Steel Sector Lower Amid Auto Demand Woes
Cleveland-Cliffs shares dropped over 5% on Friday, the steepest decline among major U.S. steel producers, as the sector faced pressure from weak automotive demand and a broader market selloff.
Materials Sector Gains Amid Tariff Uncertainty, Gold Jumps
The materials sector advanced Friday despite pressure on steel producers from tariff speculation, while gold rallied sharply on renewed rate cut hopes.