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home / news releases / X - Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight

X - Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight

United States Steel Corporation

2024-04-18 09:39:51 ET

Summary

  • Cleveland-Cliffs is scheduled to report Q1 results early next week, and the pressure on management to deliver is rising.
  • Investors should pay close attention to any updates regarding the company's future capital allocation.
  • Margin upside for the rest of 2024 appears fairly limited, which puts the share price performance at the mercy of exogenous factors.

On the surface, the past year appears as a very successful one for Cleveland-Cliffs (CLF) as the stock appreciated by more than 22% over the period. With the company scheduled to report its Q1 2024 results early next week, investors are already looking ahead to another strong year....

For further details see:

Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight
Stock Information
Company Name: United States Steel Corporation
Stock Symbol: X
Market: NYSE
Website: ussteel.com
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