Cleveland-Cliffs stock drops 9% amid U.S.-Canada steel tariff uncertainty, outpacing peers.

Cleveland-Cliffs shares fell 9%, significantly more than peers Nucor and Steel Dynamics, due to uncertainty over U.S. tariffs on Canadian steel. The company’s unique exposure through its Canadian subsidiary Stelco means tariff changes could either hurt its U.S. or Canadian operations, creating investor uncertainty. This dual risk, combined with Cleveland-Cliffs’ higher debt, has led to sharper stock declines. Investors are advised to monitor tariff developments closely and consider cautious position sizing until clarity emerges.

Nucor Corporation's stock price on Pluang is USD 243.56 as of Sep 29, 2026 01:02 WIB. The stock has seen a 1-day decline of 1.49%, reflecting some pullback in the steel sector. Despite this, Pluang order activity for Nucor shows 100% buy interest, indicating strong investor demand.