Based in Ohio, Cleveland-Cliffs (CLF) is among the largest flat-rolled steel producers in North America. I am bullish on the stock. As America entered into the Industrial Age in the 1800s and early 1900s, steel was in high demand to build railroads. As a result, steel moguls made millions of dollars, and people flocked to steel manufacturing towns for jobs. Fast-forward to the 2020s, and times have changed dramatically. Steel isn't on people's minds much anymore, and steel producers like Cleveland-Cliffs weren't exactly the talk of the town during the past decade. In 2022, however, supply chain disruptions have driven strong demand and elevated prices for commodities, including steel.
https://www.tipranks.com/news/article/cleveland-cliffs-stock-value-play-for-investors?utm_source=advfn.com&utm_medium=referral
Cleveland Cliffs (NYSE:CLF)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Cleveland Cliffs Charts.
Cleveland Cliffs (NYSE:CLF)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Cleveland Cliffs Charts.