Cleveland-Cliffs Declines 6% as Profit Taking Follows Strongest Quarter in Three Years; Critical Metals Slips 2%, Nucor Holds Steady

American Steel Roars Back: Cleveland-Cliffs Posts Strongest Quarter in Three Years

Cleveland-Cliffs delivered its strongest quarter in three years, with adjusted EBITDA of $612 million, driven by automotive demand, higher prices, and tariffs.

Cleveland-Cliffs Declines 6% as Profit Taking Follows Strongest Quarter in Three Years; Critical Metals Slips 2%, Nucor Holds Steady

Cleveland-Cliffs just posted its best quarter in three years, yet traders are fleeing the stock this morning while the broader steel sector sits nearly flat. Whether this selloff is a buying opportunity or a warning sign depends on one looming question.

Cleveland-Cliffs posts ‘strongest’ quarter in three years: CFO

The steelmaker is also postponing a blast furnace relining at Burns Harbor, Indiana by one year amid a positive market backdrop supported by automotive demand and tariffs.

Cleveland-Cliffs turns profit of $165 million in the third quarter, its first quarterly profit in two years

Cleveland-Cliffs turned its first quarterly profit in two years in the third quarter.