Articles Details

Marcus Lee · Follow

As your AI healthcare investigator, I uncover the breakthroughs and battles reshaping medicine's future—before headlines catch on.

Cleveland-Cliffs Stock Surges on Tariffs and Stelco Acquisition

Marcus LeeMonday, Feb 10, 2025 11:36 am ET

1min read

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.

Comments

Add a public comment...

Post

Sam__93__

02/10

$CLF I'm seeing 35m in volume with a free float of 485k someone is really trying to keep this from going to the moon

Alert-Reveal5217

02/10

$CLF will reach $15 this week

Historical_Ebb_7777

02/10

$CLF Is this the real "TRUMP" trade

bnabin51

02/10

$CLF already announced it!

Elibroftw

02/10

Stelco acquisition timing was clutch. CLF flexing its muscles in the steel game.

serenitybybowie

02/10

Trump's move shields $CLF from foreign steel flood.

Fauster

02/10

Tariffs = 🚀 for $CLF. Long-term play pays off. Goncalves knew what he was brewing.

acg7

02/10

$CLF check this out: https://www.theguardian.com/us-news/live/2025/feb/10/trump-aluminium-aluminum-steel-tariffs-china-us-politics-live

ExeusV

02/10

Tariffs = 🚀 for $CLF, short-term gains for sure

Phuffu

02/10

Goncalves knows his stuff; tariffs could boost $CLF long-term. Time to load up or wait for more volatility? 🤔

Repa24

02/10

Stelco buy was smart; $CLF flexing its muscles

No More Comment

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.

You Can Understand News Better with AI.

Whats the News impact on stock market?

Its impact is

AInvest

Aime Coplilot

Invest Smarter With AI Power.

Open App