Shares of Cleveland-Cliffs rose 5% on Tuesday, continuing a month-long recovery in the U.S. steel sector despite no specific company news. The stock, still down nearly 5% year-to-date, is outperforming its peers Nucor and Steel Dynamics, which have gained over 37% and 50% respectively this year. This rebound reflects investor interest in Cleveland-Cliffs as a cheaper entry point into the steel market, with potential for further gains if the broader metals sector remains strong. Investors should watch if the stock holds above $12.50 and if peer stocks continue to rise, as the rally currently lacks a confirmed catalyst.
As of Sep 23, 2026 01:21 WIB, Nucor Corporation (NUE) is trading at USD 245.98 on Pluang, showing a 1.48% gain for the day. The stock's market capitalization stands at $54.99 billion with an enterprise value of $59.40 billion. Pluang users currently show full buying interest with 100% buy orders, highlighting strong demand in the steel sector alongside the ongoing rebound in Cleveland-Cliffs and Steel Dynamics.
Nucor, a leading steelmaker, reported strong Q2 results with $10.4 billion revenue and $4.84 EPS, driven by record steel shipments. Despite this, the company issued a cautious Q3 outlook due to rising cost pressures, not demand concerns. Valuation me...
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