Reported about 18 hours ago
Cleveland-Cliffs Inc. (CLF) experienced a 4.92% increase in its stock price, closing at $7.67, following President Trump's announcement to maintain tariffs on UK steel imports. This decision, made during the G7 summit, is aimed at negotiating guarantees concerning the Port Talbot steel plant. The imposition of duties enhances the competitiveness of domestic manufacturers like Cleveland-Cliffs, potentially increasing demand for their products while shielding them from international competition.
Source: YAHOO