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Stock impact report

Cleveland-Cliffs Feels Volume And Pricing Pressure In Q1 2019; Outlook Remains Bright [Forbes]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Forbes
Cleveland-Cliffs Feels Volume And Pricing Pressure In Q1 2019; Outlook Remains Bright Cleveland-Cliffs We have summarized the key announcements in our interactive dashboard – How did Cleveland-Cliffs fare in Q1 2019 and what is the outlook for the full year? Materials data Trefis Key Takeaways Iron Ore Revenue Profitability Full Year Outlook Trefis has a price estimate of $13 per share for Cleveland-Cliffs’ stock, which is higher than its current market price. We believe that premium pricing for the company’s high-grade ores, along with rising margins, is expected to provide a boost to the stock price in 2019. Additionally, expansion of production capacity from 1.6 million metric tons to 1.9 million metric tons at the new HBI (hot-briquetted iron) plant in Great Lakes and upgradation of its Northshore plant to replace up to 3.5 million long tons of blast furnace pellet production with DR-grade pellet production, is also expected to support growth in the stock price going forw Show less Read more
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