When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
X - Cleveland Cliffs And The Impact Of Recent Steel News
United States Steel Corporation
This week has been challenging for the steel-related stocks after Nucor (NUE) and U.S. Steel (X) issued downside guidance. In this light, I've been getting questions on how this will impact shares of Cleveland-Cliffs (CLF), which has been in a rebound mode after the dip that followed the declaration of a special dividend. Here's what I think.
Steel companies are under pressure because steel prices experienced material downside. Those who have big exposure to the spot market, like U.S. Steel, got punished severely. Those who have been relying