HomeBusinessFinance Sector Stock NewsCleveland-Cliffs (CLF): Steel Industry Is Starting To Look Up

Cleveland-Cliffs (CLF): Steel Industry Is Starting To Look Up

“The steel industry is starting to look up,” notes a Citi analyst. Citi upgraded Cleveland-Cliffs (CLF) to buy from neutral with a $22 price target. The analyst stated that steel prices are expected to catch a bid from seasonal restocking, and expects steel prices to average $800 a ton, which is up from the current $700 level. George Tsilis discusses this and the move in the stock. He notes that CLF is up over 12% year-over-year. Tune in to find out more about the stock market today.

Next Gen Investing

25 Sep 2023

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