Cleveland-Cliffs shares surged 7% following a strong Q3 2026 earnings report that beat expectations, highlighting the company's turnaround with rising steel prices and robust demand. Steel Dynamics and Nucor also gained but lagged behind Cleveland-Cliffs. The rally comes amid ongoing U.S.-Canada trade tensions impacting Cleveland-Cliffs’ Canadian operations, with potential trade talks ahead. Investors are watching how these factors and debt reduction plans will influence future performance and steel pricing in 2027.
As of Oct 23, 2026 23:11 WIB, Cleveland-Cliffs (CLF) surged 7.36% to USD 14.01, nearing its 52-week high of USD 15.09, while Steel Dynamics (STLD) and Nucor (NUE) gained more modestly at +2.86% and +1.81%, respectively. Despite CLF’s sharp rally, it remains well below STLD’s 52-week high of USD 282.76 and NUE’s high of USD 274.74. On Pluang, CLF shows 100% sell orders with a typical hold time of 1 day, contrasting with NUE’s 100% buy orders and a much longer hold time of 79 days.
Cleveland-Cliffs reported strong Q3 earnings that confirmed ongoing profitability improvements and a narrowing gap with competitors. The market reacted positively, driving the stock up 16% following the report. Analysts see a short-term opportunity f...
Cleveland-Cliffs reported Q3 adjusted EPS of $0.28, beating analyst estimates of $0.21, while revenue of $5.61 billion fell short of the $5.69 billion forecast. The company saw higher steel prices and shipments of 4.2 million net tons, returning to q...
Cleveland-Cliffs reported a strong Q3 with adjusted EBITDA of $612 million, beating guidance and marking its best quarter in three years. The company expects 2027 adjusted EBITDA to exceed $4 billion, driven by higher steel prices, improved operation...
Cleveland-Cliffs reported its best quarter in three years with adjusted EBITDA of $612 million, beating guidance and lifting shares 10%. Despite missing revenue expectations at $5.61 billion, the company saw improved pricing, sales volumes, and profi...
