Cleveland-Cliffs Inc traded at $10.31 this Friday May 15th, decreasing $0.62 or 5.67 percent since the previous trading session. Looking back, over the last four weeks, Cleveland-Cliffs lost 6.07 percent. Over the last 12 months, its price rose by 35.48 percent. Looking ahead, we forecast Cleveland-Cliffs Inc to be priced at 10.79 by the end of this quarter and at 10.14 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cleveland-Cliffs Inc. is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves a diverse range of markets due to its flat-rolled steel products offerings. The Company's fully integrated portfolio includes custom-made pellets and hot briquetted iron (HBI); flat-rolled carbon steel, stainless, electrical, plate, tinplate, and long steel products; as well as carbon and stainless-steel tubing, hot and cold stamping, and tooling. The Company sells its products to customers in four market categories, automotive; infrastructure and manufacturing, which includes electrical power; distributors and converters, and steel producers, which consume iron ore and metallics.