Why Cleveland-Cliffs Inc. Stock Sank Again: CLF Shares Lag Steel Peers in Friday Selloff
Cleveland-Cliffs shares dropped 5.2% to $8.46 Friday, the steepest decline among major U.S. steelmakers. The fall follows last month’s earnings miss and continued pressure from weak auto demand and lost contracts. Nucor and Steel Dynamics also slipped, while the S&P 500 fell 0.61% and metals sector stocks declined sharply. Cliffs’ management projects improved results for 2026, but market conditions remain volatile.