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0.000197820446289381 0.00154644525168646 0.0010378827192527 -0.00156720290607165 0.00777374156720286 0.00259470679813166 -0.000518941359626443 0.00971738453554726
Stock impact report

Cleveland-Cliffs stock drops on $80 million Q1 energy cost [Yahoo! Finance]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
What's moving the stock: Shares fell after the company disclosed an unexpected $80 million energy cost in the first quarter, driven by the extreme cold snap that sent arctic temperatures sweeping across the US. NYSE - Nasdaq Real Time Price • USD Cleveland-Cliffs Inc. (CLF) Follow View Quote Details As of 12:43:22 PM EDT. Market Open. Advanced Chart CEO Lourenco Goncalves said the company typically locks in natural gas prices three days before each month begins. For February, that date happened to coincide with the peak of January pricing, Goncalves said. Even as gas prices have fallen since January, that drop has been partially offset by increased expenses elsewhere, Goncalves said. He cited the rising cost of fuel, which has jumped as the war in Iran has snarled global energy markets. What else you should know: Goncalves also said Monday that due to a run-up in steel prices and healthy demand from the US automotive sector, Cleveland-Cliffs is “no longer in a h Show less Read more
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