Cleveland-Cliffs Trading Volume Surges 38.76% to $201 Million Ranking 469th as Stock Price Rises 5.09%

On May 2, 2025, Cleveland-Cliffs (CLF) saw a trading volume of $201 million, marking a 38.76% increase from the previous day. This surge placed CLF at the 469th position in terms of trading volume for the day. The stock price of CLF rose by 5.09%, marking its second consecutive day of gains, with a total increase of 7.77% over the past two days.

Cleveland-Cliffs has announced that it will indefinitely idle three of its steel plants this summer. The decision comes as the company faces sluggish demand and pricing pressures, which have significantly impacted its operations. This move is part of a broader strategy to adapt to the current market conditions and optimize its production capabilities.

In addition to the idling of the three steel plants, Cleveland-Cliffs has also decided to temporarily cease operations at key mills due to reduced demand. This decision underscores the company's efforts to align its production with market demand, ensuring that it can maintain operational efficiency and financial stability in the face of challenging market conditions.