Cleveland-Cliffs Stock Surges 23.16% to 77th in Daily Rankings Amid Trump Tariff Proposal

On June 2, 2025, Cleveland-Cliffs Inc. (CLF) saw a significant surge in trading volume, with a total turnover of $863 million, marking a 193.49% increase from the previous day. This substantial rise in trading volume placed CLF at the 77th position in the daily stock market rankings. The stock price of CLF also experienced a notable increase, rising by 23.16%.

Cleveland-Cliffs Inc. has been in the spotlight due to recent political developments, particularly the proposal by President Trump to double steel tariffs to 50%. This announcement led to a significant surge in the company's stock price, reflecting the potential positive impact on its profits in the short term. The proposed tariffs could boost domestic steel prices, benefiting Cleveland-Cliffs' margins. However, the company also faces risks from fluctuating steel demand, particularly in the automotive sector, and potential legislative changes affecting trade policies.

Cleveland-Cliffs operates primarily in the steel sector, focusing on iron ore production and supplying flat-rolled steel products in North America. The company's strategy includes significant acquisitions to enhance its capabilities and market position. Despite the recent volatility, Cleveland-Cliffs remains a key player in the steel industry, competing with major players such as U.S. Steel and Nucor. The company's ongoing restructuring efforts, including facility closures and capital expenditure reductions, aim to stabilize operations but may also impact production capacity and profitability.

Investors should closely monitor political developments and the company's internal restructuring efforts. The proposed tariffs could strain trade relationships, potentially triggering retaliatory actions that affect input costs or downstream demand. Awareness of these factors is essential for informed investing in Cleveland-Cliffs stock. The volatility in the stock price presents both opportunities and risks, requiring thorough research and careful assessment of risk tolerance.