Cleveland-Cliffs (NYSE:CLF) reported a sharp sequential improvement in third-quarter profitability and said it expects momentum in steel pricing, contract renewals and production utilization to continue into 2027.
Chairman and Chief Executive Officer Lourenco Goncalves said third-quarter adjusted E
Nucor and Steel Dynamics shares are pulling back after Q3 guidance missed estimates, but higher steel prices, strong backlogs, and wide margins support analysts' bullish price targets.
Tariff policy is boosting domestic steel and manufacturing stocks, with Nucor, Cleveland-Cliffs, and PACCAR positioned to benefit from reduced foreign competition and rising demand.
Cleveland-Cliffs (NYSE:CLF) said it returned to positive free cash flow in the second quarter of 2026 and expects a substantially stronger second half of the year, driven by higher steel prices, improved automotive demand, lower costs and higher shipment volumes.
Chairman and CEO Lourenco Goncalves
Cleveland-Cliffs (NYSE:CLF) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you by Benzinga APIs. For real-time access to our
Cleveland-Cliffs Inc. (NYSE: CLF) stock is rising on Wednesday. Discover how falling oil prices and an underwriting note from Barclays are impacting the steelmaker.
