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Cleveland-Cliffs Rides Cost Cuts And Trump Tariffs To Stronger Outlook, Eyes Billions From Asset Sales - Cleveland-Cliffs (NYSE:CLF)

CUYAHOGA COUNTY, OHIO, JUL 21 – Cleveland-Cliffs aims to reduce debt by selling idled steel plants to data center developers, targeting annual cost savings of $310 million and unlocking billions in asset value.

Summary by Benzinga
Cleveland-Cliffs Inc. (NYSE:CLF) is gaining renewed confidence from Wall Street after posting better-than-expected results for the second quarter of 2025, prompting KeyBanc Capital Markets analyst Philip Gibbs to upgrade the stock to Overweight and set a price forecast of $14.  The move reflects a more favorable risk-reward outlook for the steelmaker, which is capitalizing on robust domestic demand, aggressive cost-cutting, and strategic shifts …

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Manufacturing Dive broke the news in on Monday, July 21, 2025.
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