Cleveland-Cliffs Surges to 144th in Trading Volume with $698 Million Turnover

On July 21, 2025, Cleveland-Cliffs (CLF) saw a significant surge in trading volume, with a turnover of $698 million, marking a 193.68% increase from the previous day. This surge placed CLF at the 144th position in terms of trading volume for the day. The stock price of CLF rose by 12.45%, marking the fourth consecutive day of gains, with a total increase of 17.53% over the past four days.

Cleveland-Cliffs reported its second-quarter 2025 financial results, highlighting record steel shipments of 4.3 million net tons and revenues of $4.9 billion. The company's adjusted net loss for the quarter was $247 million, or $0.50 per diluted share, which was nearly half of what it was in the first quarter. This improvement was driven by higher shipment volumes and cost optimization efforts.

The company's CEO, Lourenco Goncalves, attributed the positive results to the benefits of Trump-era tariffs, which have helped to narrow losses and boost steel shipments. Goncalves also expressed optimism about the company's future, citing strong domestic steel pricing and a healthy order book as key factors that will drive further improvements in cost performance and adjusted EBITDA in the coming quarters.

Cleveland-Cliffs has been actively involved in several significant developments in recent weeks. The company held a ribbon-cutting ceremony for its new $150 million Stainless Bright Annealing Line at Coshocton Works in Ohio, highlighting its commitment to expanding production capabilities. Additionally, the company celebrated the successful start-up of this new line, positioning itself to meet increasing demand for high-quality steel products.