Tariffs & Rare-Earth Gold Rush: Cleveland-Cliffs Stock Surges 19% on New Trade Policies
Tariff-Fueled Growth in Q3 Cleveland-Cliffs’ Q3 results revealed a tariff-fueled bump in sales. Revenue rose 3.6% year-over-year to $4.73 billion, thanks in part to the 50% tariff on imported steel imposed earlier this year Marketscreener. The company shipped 4.0 million net tons of steel (vs 3.8 M last year), reflecting stronger orders from automakers Advfn. However, CLF still posted a GAAP net…