Cleveland-Cliffs (CLF) ended the recent trading session at $15.65, demonstrating a -0.95% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.The mining company's stock has dropped by 8.78% in the past month, falling short of the Basic Materials sector's loss of 2% and the S&P 500's gain of 3.25%.The investment community will be paying close attention ...

The Biden administration announced in May 2024 that it would not only leave the existing tariffs on Chinese steel and aluminum in place but is proposing to triple them. The implications for the United States steel industry is a simple matter of supply and demand. Which is why it’s time for investors to look for steel stocks to buy. The current Section 301 of the Trade Act of 1974 imposes a 7.5% tariff on steel and aluminum imports from China. The Biden administration is proposing increasing those to 25%. Th ...

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $16.94, reflecting a +0.18% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.59%.Coming into today, shares of the mining company had lost 6.37% in the past month. In that same time, the Basic Materials sector gained 2.94%, while the S&P 500 gained 4.19%.The investment community will be paying close attention to t ...

Cleveland-Cliffs (CLF) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this mining company have returned -26.9% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Mining - Miscellaneous industry, to which Cleveland-Cliffs belongs, has lost 0.5% over this period. Now the key question is: Where could the stock be headed in the near term?Whil ...

Loading...Loading...The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-8944 CLEVELAND-CLIFFS INC. (Exact Name of Registrant as Specified in Its Charter) Ohio 34-1464672 (State or Other Jurisd ...

Monty Rakusen/DigitalVision via Getty ImagesCleveland-Cliffs (NYSE:CLF) reported a relatively mundane q1’24 as the firm faces some headwinds and geopolitical pressure in the steel markets. As the domestic market gyrates between automotive OEM production and service center orders, China is drawing down steel inventory in an attempt to normalize localized steel prices by selling internationally. Though I anticipate this to have minimal impact on Cleveland-Cliffs’ long-term steel sales premiums through the ...

财务表现 - Cleveland-Cliffs Inc. (CLF)在2024年第一季度报告中，净亏损为5300万美元，每股亏损14美分，较去年同期的4200万美元亏损或11美分有所增加[1] - 调整后的每股收益为18美分，而去年同期为亏损11美分，但低于Zacks Consensus Estimate的19美分[1] - 公司第一季度营收下降约1.8%，至519.9亿美元，未达到Zacks Consensus Estimate的529.36亿美元[2] - 钢铁业务收入为502.7亿美元，同比下降约2%[3] - 钢铁产品的每吨净销售均价为1175美元，同比增长约4.1%，但低于预估的1200美元[4] - 钢铁产品的外部销售量为近394万吨，同比下降约3.5%，低于预估的408万吨[4] 财务状况 - Cleveland-Cliffs截至2024年第一季度末，现金及现金等价物为3000万美元，较去年同期的5900万美元下降，长期债务同比减少19.6%，运营活动净现金流为1.42亿美元[5] 业务展望 - 公司维持2024年的指引，预计钢铁出货量为1650万吨，预计每吨钢铁单位成本降低30美元，预计调整后的EBITDA比2023年将增加5亿美元，预计资本支出范围为6.75亿至7.25亿美元[6] 市场表现 - CLF股价在过去一年中上涨21.5%，高于行业的9.9%涨幅[7]

Earnings disappointed, but looking under the hood, the sell-off could be an opportunity.Shares of steelmaker Cleveland-Cliffs (CLF -9.83%) were falling hard in Tuesday trading, down 9.7% as of 2:10 p.m. ET.Investors apparently took exception with Cliffs missing on revenues and earnings per share in its first-quarter results, which were reported last night. However, the miss appears to be due to an unusual issue with one of Cliffs' customer segments, which appears to have been resolved at the end of the quar ...

财务数据和关键指标变化 - 公司第一季度调整后EBITDA为4.14亿美元,较上一季度有所反弹 [21] - 销量为390万吨,较上一季度有所下降,主要是由于一月二月服务中心买家罢市 [23] - 单位成本受到汽车产品占比上升和产量下降的影响,但预计第二季度单位成本将下降20美元/吨 [24] 各条业务线数据和关键指标变化 - 汽车业务表现良好,占比提高,但服务中心业务量和价格下滑 [21][22] - 预计第二季度销量将超过400万吨,销售组合将更加平衡 [23] 各个市场数据和关键指标变化 - 汽车市场需求持续增长,公司将更加选择性地服务汽车客户 [55][71] - 服务中心市场在一月二月出现买家罢市,但需求已经恢复 [22][73] 公司战略和发展方向 - 公司将大幅加大股票回购力度,新增15亿美元回购计划 [8][9][10] - 公司将自我设定2.5倍净负债率目标,给予更大的财务灵活性 [16][17][18] - 公司将继续关注并购机会,但前提是不会影响当前的股票回购计划 [19] - 公司获得政府550万美元补助,将在中德敦建设新的直接还原铁和电弧炉设施,大幅降低成本 [25][41][42][43][44][45] 管理层对经营环境和未来前景的评论 - 管理层对汽车市场前景乐观,但对服务中心市场短期内存在不确定性 [21][22][73] - 管理层对公司未来的碳减排和技术创新计划充满信心,认为将大幅降低成本 [41][42][43][44][45] 问答环节重要的提问和回答 问题1 **Lucas Pipes 提问** 询问Nippon Steel交易的后续可能性 [59][60][61][62] **Lourenco Goncalves 回答** Nippon Steel交易已经彻底破裂,拜登政府已明确表态反对外资收购美国钢铁资产 [61][62] 问题2 **Bill Peterson 提问** 询问产品组合和价格走势 [70][71][72][73][74][75][76] **Lourenco Goncalves 回答** 第二季度产品组合将更加平衡,价格方面公司正在努力实现之前宣布的涨价 [73][74][75][76] 问题3 **Tristan Gresser 提问** 询问中德敦项目的资本支出情况 [123][124][125][126][127][128][129][130][131][132][133][134][135] **Celso Goncalves 和 Lourenco Goncalves 回答** 中德敦项目2025年公司出资约2.5亿美元,2026年约4亿美元,总体资本支出在10亿美元左右,但将大幅降低生产成本 [125][126][130][131][132][133][134][135]