Cleveland Cliffs Inc (CLF) Options

https://www.marketbeat.com/instant-alerts/cleveland-cliffs-inc-nyseclf-given-average-rating-of-moderate-buy-by-analysts-2025-03-11/

But if CLF is an American 🇺🇸 company, why wouldn’t they be up on heavy tariffs on foreign steel?

Trump said he's 'looking at' cutting back on recent tariff increase to Canada

Never mind, could be a head fake.

https://www.bbc.com/news/live/cly412xwz44t

Delayed reaction? CLF is now +2%, which is the best performance on my screen today.

CLF is trading slightly down today, as though investors don't believe the 50% tariff will actually happen.

Trump orders 50% tariffs on Canadian steel and aluminium.


https://www.bbc.com/news/live/cly412xwz44t

Another insider (small) open-market buy today:

https://www.sec.gov/Archives/edgar/data/764065/000076406525000064/xslF345X05/wk-form4_1741636274.xml

CLF down a full dollar today, or 10%. Trump slam..

https://www.stocktitan.net/news/CLF/cleveland-cliffs-announces-buy-american-automotive-incentive-program-hflmktmcrd79.html

Compare MT to CFL

https://www.etfdailynews.com/2025/03/04/bank-of-new-york-mellon-corp-acquires-1236247-shares-of-cleveland-cliffs-inc-nyseclf/

https://folikoinsights.com/article/CLF/2025/03/03/cleveland-cliffs-attracts-value-investors-amid-market-challenges-with-analysts-forecasting-a-50-stoc?cid=65yUWyj5psjv7lKb

CLF EVP also bought ~$100K on the open market today:

https://www.sec.gov/Archives/edgar/data/764065/000076406525000062/xslF345X05/wk-form4_1740761267.xml

CLF independent director bought ~$100K of stock on the open market today:

https://www.sec.gov/Archives/edgar/data/764065/000076406525000060/xslF345X05/wk-form4_1740756032.xml

Clf's revenue this year was $19.2B, USX's revenue was this year was $15.6B. As a iron ore producer only, CLF's annual revenue was about $2B. They are still making a lot of money, just not as much as last year.

CLF 4Q24 CC transcript:

https://finance.yahoo.com/news/cleveland-cliffs-clf-q4-2024-183013211.html

This was an unusually informative CC, IMO.

“Our results in 2024 were a consequence of the worst steel demand environment since 2010 (ex-COVID),” states Lourenco Goncalves, the company’s board chair, president and CEO.


This isn't that bad. During COVID shares were around $4 a share.


Buying opportunity. 

Weak call today...

CLF reports 4Q24 results:

https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/670/cleveland-cliffs-reports-full-year-and-fourth-quarter-2024

The 3Q24 results are anticlimactic insofar as CLF pre-announced “trough” (not a typo) 4Q24 financials on 2/3/25 (#msg-175752565). Of greater consequence is the following remark from the CEO in the above PR: “As of late February, Cleveland-Cliffs is well on the way for a dramatic rebound in 2025. We can already see the early signals of this rebound in automotive pull, index pricing, and our overall order book. Also, with the addition of Stelco’s spot price driven non-automotive book of business to our footprint, we are even better equipped now to ride this upside than in previous cycles, as we are now less dependent on fixed price contracts.” CC Tuesday at 8:30am ET.


4Q24 CC slides:
https://d1io3yog0oux5.cloudfront.net/_523dceb719d0400c6ec1ddeb2375f728/clevelandcliffs/db/1111/11908/file/CLF+-+Q4+and+FY+2024+Earnings+Presentation+2.24.25.pdf

https://gmk.center/en/news/cleveland-cliffs-opens-april-contracts-for-hot-rolled-steel-at-900-t/

WSJ highlights transformer bottleneck—bullish for CLF:

https://www.wsj.com/economy/trade/how-tariffs-could-shock-americas-power-system-44c17e86 The power industry has already been experiencing a shortage of transformers, for which demand is expected to jump even more in the coming years.

…The National Renewable Energy Laboratory estimates that about 55% of in-service distribution transformer units are older than 33 years and approaching their end of life. Distribution transformer capacity might need to increase 160% to 260% by 2050 compared with 2021 levels to meet demand, according to the NREL.

…Transformers could become a chokepoint. Only about 20% of transformer demand can be met by the domestic supply chain, according to Wood Mackenzie, which also estimated that transformer prices have already risen 70% to 100% since January 2020 because of inflation for raw materials such as electrical steel and copper. Steel is also an essential component of transformers, and notably, Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel for them. Assuming that Trump moves ahead with 25% tariffs on Canada and Mexico, and imposes tariffs on copper as well, Wood Mackenzie estimates that transformer prices could increase by an additional 8% to 9%.

US Steel endgame is unclear:

https://www.barrons.com/articles/u-s-steel-stock-nippon-5df112b8 Investors appear confused, and no one knows exactly how the U.S. Steel drama will end.

…On Wednesday, Ancora, a Cleveland-based activist investor with about $10 billion in assets under management, held a conference call outlining its plan for the steel maker. Ancora nominated a majority slate of directors on Jan. 27, making a play for control of the company.

…Keeping track of things on the table: U.S. Steel could be sold to Nippon Steel, get an investment from Nippon Steel, be broken up into pieces, merge with Cleveland-Cliffs, or make a go of it as a standalone company investing in existing operations.

https://seekingalpha.com/article/4758457-25-percent-tariffs-on-steel-make-cleveland-cliffs-a-buy

BEST POST EVER.




http://stocktwits.com/free2dream/message/603664324

CLF should have a strong day on Monday in response to the new 25% tariffs on steel (and aluminum):

https://www.cnn.com/2025/02/09/business/trump-tariffs-steel-aluminum

https://www.yourerie.com/news/pennsylvania-news/nippon-steel-to-drop-us-steel-purchase-pursue-investment-trump-says/

https://www.msn.com/en-us/money/economy/trump-nippon-will-heavily-invest-in-us-steel-drops-acquisition-plans/ar-AA1yCmuF

It will pick up soon.

https://www.wsj.com/economy/trade/trump-tariffs-mexico-canada-us-steel-market-a36c3b99

CEO, with CFO son, what it appears holed up, in a bunker of some sort? Why?

https://www.devdiscourse.com/article/politics/3253920-steelworkers-saga-legal-battle-over-149b-us-steel-deal-intensifies

I would not be surprised to hear an announcement of an NLMK deal soon. There has been no news about the deal since May and the value was estimated to be more than $500m.

https://www.realclearmarkets.com/articles/2025/02/05/us_steel_proxy_fight_is_an_extension_of_nippon_debate_1089321.html

Thats the CEO of Cleveland-Cliffs behind the new FBI BOSS.


Check out @SodApOp_PIMPski message on Stocktwits http://stocktwits.com/SodApOp_PIMPski/message/602945298

https://www.recyclingtoday.com/news/cleveland-cliffs-2024-fourth-quarter-loss-tariffs-support-stelco-steel-canada/

https://www.msn.com/en-us/money/top-stocks/cleveland-cliffs-price-target-lowered-to-20-from-21-at-b-riley/ar-AA1yoVtD?ocid=BingNewsVerp

CLF sells—upsized—$850M of 6yr notes @7.50%:

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-upsizing-212700449.html

The proceeds will be used, in part, to repay the balance on CLF’s asset-based credit facility.

https://www.marketwatch.com/story/cleveland-cliffs-eyes-better-year-after-flagging-drop-in-revenue-in-2024-9d0d9bdf

https://www.investing.com/news/company-news/clevelandcliffs-plans-750m-senior-notes-sale-93CH-3845240

CLF pre-announces “trough” 4Q24 results:

https://finance.yahoo.com/news/cleveland-cliffs-provides-preliminary-fourth-123200578.html Fourth-quarter 2024 results expectations:

• Steel shipments of 3.8 million net tons

• Revenues of approximately $4.3 billion

• Adjusted EBITDA loss of approximately $85 million

Lourenco Goncalves, Cliffs’ Chairman, President, and CEO said: "Other than the COVID-impacted 2020, 2024 was the worst year for domestic steel demand since 2010. As the largest supplier to the automotive industry in North America, we were especially impacted by muted demand from this sector in the second half of the year. This was the primary driver of our weaker results, particularly in the fourth quarter, which we expect to be the trough as we look forward.

So far into this new year, we have already seen improvements in our order book, both automotive and non-automotive, and are confident that the manufacturing-friendly items on President Trump’s agenda will have an outsized benefit on Cleveland-Cliffs. This includes the recently announced tariffs on Mexico, Canada, and China and the expectation that there is more to come on steel specifically. Stelco has been a major contributor since day 1 and a substantial portion of our expected synergies are already in motion. Based on their experience in 2018, we expect Stelco will benefit from steel tariffs as well. CLF also announced a bond sale of $750M, which has not priced yet (https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-proposed-123400124.html ). The proceeds will be used, in part, to repay the balance on CLF’s asset-based credit facility.

CLF reports full 4Q24 results on 2/24/25.

Here is What to Know Beyond Why Cleveland-Cliffs Inc. (CLF) is a Trending Stock https://finance.yahoo.com/news/know-beyond-why-cleveland-cliffs-140010688.html

Canada, Mexico Steelmakers Refuse New US Orders
Source: Bloomberg

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.

Canada’s Stelco has been telling US-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.

Trump this week signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1. While the two countries are exempt from a sweeping 25% steel tariff the US imposed during the first Trump administration, there’s increasing concern in the industry that the metal won’t receive a carve out.

“There’s a lot of trepidation and changing commercial policy by the Mexican steelmakers with regards to their approach to this market,” Jeremy Flack, chief executive officer of Arizona-based steel distributor Flack Global Metals, said in an interview. “They’re off balance because of this. They’ve gone from concerned to unconcerned to concerned again.”

https://www.insidermonkey.com/blog/jim-cramer-recently-discussed-these-15-stocks-the-california-wildfires-1425101/2/

That's the story I posted—with some commentary—in the immediately preceding message.

https://www.reuters.com/markets/deals/cleveland-cliffs-partners-with-nucor-potentially-bid-us-steel-cnbc-reports-2025-01-13/

CLF prepares_new_buyout_offer_for X—with_concurrent_sale_of_Big_River_to NUE:

https://finance.yahoo.com/news/cleveland-cliffs-partners-nucor-potentially-163940668.html Cleveland-Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel, a person familiar with the matter told Reuters on Monday.

Cleveland-Cliffs would purchase U.S. Steel in an all-cash deal, with an offer in the high $30s per share, the person said. It would then sell U.S. Steel's Big River Steel subsidiary to Nucor.
U.S. Steel's headquarters would remain in Pittsburgh under the deal.

The news was first reported by CNBC. I just listened to a 90-minute CLF press conference. LG did not offer any details, but it’s clear that a new buyout offer for X is coming.

 There always been a lot of talk on shorting stocks of this company to keep the share price down.
 
IMO
Do this to kill the shorting. 










Place your shares for sale at a price that is higher than the current market price. This will prevent your broker from lending out your shares to short sellers and reduce the amount of free shares that can be used for shorting purposes.


Then when you want to sell at your price, set sale at market price.




https://www.benzinga.com/startups/25/01/42879583/i-used-to-make-a-f-ton-of-money-shorting-companies-says-mark-cuban-revealing-how-he-started-sharesleuth-sent-people-to-expose-firms

https://m.youtube.com/watch?v=e_zA1vT464M

 Trading on the New York Stock Exchange will be closed on Thursday, Jan. 9.


The Nasdaq said it would be closing trading of all U.S. equities and options that day as well.


Day of mourning for Jimmy Carter. 

https://www.msn.com/en-us/money/news/nippon-steel-and-us-steel-rival-denies-bombshell-lawsuit-claims-we-are-armored-through-the-teeth/ar-AA1x74mb