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TX - Cleveland-Cliffs Stock Forecast: What To Consider As We Head Into 2022
Ternium S.A. American Depositary Shares
The US steel industry is comparably clean relative to international peers. CLF uses a large amount of scrap for steel production.
Cleveland-Cliffs will be highly profitable this year, and most likely also in 2022. Beyond that, profitability will likely not be maintained at the current, elevated level.
CLF is not expensive and could have significant upside potential, but the industry is out of favor right now.