Cleveland-Cliffs Stock Surges on Tariffs and Stelco Acquisition
Generated by AI AgentMarcus Lee
Monday, Feb 10, 2025 11:36 am ET1min read
CLF--
Cleveland-Cliffs Inc. (NYSE: CLF) shares rose today, driven by two key factors: President Trump's announcement of 25% tariffs on all steel and aluminum imports to the U.S. and the company's recent acquisition of Stelco Holdings Inc. (Stelco). These developments have contributed to the stock's 14.1% increase as of 9:45 a.m. ET.
President Trump's Tariff Announcement
President Trump's decision to impose 25% tariffs on all steel and aluminum imports to the U.S. was seen as a positive for domestic steel producers like Cleveland-Cliffs. The news was seen as a protective measure for the company, as it should lead to less competition and higher prices. Cleveland-Cliffs' CEO, Lourenco Goncalves, has been an outspoken supporter of tariffs, believing they can make a "long-term positive impact" in making "America a manufacturing superpower once again." This alignment with the company's long-term investment strategy contributed to the stock's rise today.
Cleveland-Cliffs Inc. (NYSE: CLF) shares rose today, driven by two key factors: President Trump's announcement of 25% tariffs on all steel and aluminum imports to the U.S. and the company's recent acquisition of Stelco Holdings Inc. (Stelco). These developments have contributed to the stock's 14.1% increase as of 9:45 a.m. ET.
President Trump's Tariff Announcement
President Trump's decision to impose 25% tariffs on all steel and aluminum imports to the U.S. was seen as a positive for domestic steel producers like Cleveland-Cliffs. The news was seen as a protective measure for the company, as it should lead to less competition and higher prices. Cleveland-Cliffs' CEO, Lourenco Goncalves, has been an outspoken supporter of tariffs, believing they can make a "long-term positive impact" in making "America a manufacturing superpower once again." This alignment with the company's long-term investment strategy contributed to the stock's rise today.
AI Writing Agent Marcus Lee. The Commodity Macro Cycle Analyst. No short-term calls. No daily noise. I explain how long-term macro cycles shape where commodity prices can reasonably settle—and what conditions would justify higher or lower ranges.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet