Cleveland-Cliffs (CLF) Stock Drops Amidst Steel Industry Decline

Dec 13, 2024

Cleveland-Cliffs Inc. (CLF, Financial) experienced a significant stock decline of 5.02%, trading at $10.41 per share with a volume of 13.17 million shares. The company's recent financial report showed revenue of $4.569 billion, a net loss of $242 million, and an earnings per share of -$0.52. The steel industry, where Cleveland-Cliffs operates, saw an overall decrease of 2.57%. Within the industry, Inno Holdings Inc. and other stocks showed notable activity. Cleveland-Cliffs is a major flat steel producer and iron ore pellet manufacturer in North America, serving markets primarily in the U.S. and the automotive sector.

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