HomeBusinessMaterials Stock NewsCleveland-Cliffs (CLF) 3Q Profit Drop, Stock Sinks

Cleveland-Cliffs (CLF) 3Q Profit Drop, Stock Sinks

The CLF stock price today was down over 7% after their earnings report indicated a miss for both EPS and revenue. "Cleveland Cliffs (CLF) is the second largest U.S. steel maker. The CEO says that the company was affected by a delayed inventory impact of higher input costs and maintenance activities from the prior periods. Is demand for steel in a freefall?" Renita Young weighs in.

Market On Close

25 Oct 2022

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