Cleveland-Cliffs (CLF) Stock Is On The Verge Of Breaking $25 Level: Now What?

According to the last trading session, Cleveland-Cliffs’ stock behaves slightly volatile by showing a decrease of 2.44%, losing $0.53. Recently, Cleveland-Cliffs announced its fiscal quarter results. It is worth noting that the company has shown very good results on high volume. Consolidated revenue jumped to $6 billion. Net income also surged and now reaches a mark of $1.3 billion. In addition, the company also received an S&P Global Platts Global Metals Award in London, England, on October 14. This proves that the leader of the metallurgical industry is Cleveland-Cliffs. Despite the difficulties and outflow of many aspects in 2020, the company was able to recover the market. That year, the company acquired two large steel companies and launched our modern direct restoration plant.

Miriam Bozini

Finance and Business Reporter