Cleveland-Cliffs (NYSE:CLF) shares surge 29% as increased steel prices counteract decline in shipments

LIVEMarkets rolling coverageStarted: July 18, 2026, 4:00 AM EDTUpdated: July 19, 2026, 3:59 AM EDT BHP Group Shares Deemed 81% Overvalued as Company Publishes FY 2027 Production Guidance July 19, 2026, 3:59 AM EDT. BHP Group (ASX:BHP) has released its fiscal 2027 production outlook, accompanied by updates for Q4 and year-to-date 2026, showing mixed patterns in copper, iron ore, and coal production. The stock has declined 6.29% in the past 30 days to A$57.54 but remains up 25.74% so far this year, posting a 48.76% total return over the past twelve months. Valuation research by ChinCheng assigns a fair value

Cleveland-Cliffs Inc. jumped 7.37% to $9.76 on Friday, with shares clawing back ground after a week spent digesting a first-quarter loss and management’s upbeat cash flow outlook. The steelmaker’s stock seesawed from $9.05 to $9.96 during the session before settling at its latest level.

Cleveland-Cliffs Inc. shares tumbled 5.2% to $8.46 on Friday, marking the steepest decline among key U.S. steel stocks. Nucor edged down 1.3% to $163.48, while Steel Dynamics dropped 2.6% to $170.60.

Cleveland-Cliffs shares slipped 0.5% to $11.98 in premarket trade on Thursday after KeyBanc cut the U.S. steelmaker to “sector weight”, a neutral rating, from “overweight”. Public+1

Cleveland-Cliffs Inc. is back in the spotlight on Tuesday, December 16, 2025, as investors weigh a classic “steel-cycle” tug-of-war: improving operating tailwinds versus balance-sheet pressure. In Tuesday’s trading, CLF stock hovered around $12.85, modestly higher on the day, after opening near $12.76 and trading roughly between $12.69 and $12.94.

Meta description: Cleveland-Cliffs shares fell on Dec. 12, 2025 after S&P cut its credit rating to B+. Here's what the downgrade means, what Wall Street forecasts suggest, and the key catalysts investors are watching into 2026.

Cleveland-Cliffs is ending 2025 in full “rebuild mode”: cutting costs, raising equity, signing strategic partnerships and even poking its nose into rare earths. As of the close on December 5, 2025, CLF stock traded at $12.29, down 3.61% on the day, with roughly 15.2 million shares changing hands. Investing.com+1

Cleveland-Cliffs’ stock price has been on a wild ride in recent weeks. On October 30, 2025, CLF shares tumbled roughly 12% intraday, trading around the $12.30 level – a sharp decline triggered by the company’s surprise decision to sell new stock. The sell-off came immediately after Cliffs announced an underwritten public offering of 75 million common shares priced at about $12.85 per shareinvesting.cominvesting.com. This move would raise approximately $964 million in gross proceeds for the company, but it also significantly increases the total share count, diluting existing shareholders’ stakes. Investors reacted swiftly to the dilution risk, sending CLF down from its previous $14+ range into the low $12sinvesting.cominvesting.com. By midday, the stock was off over 12%, reflecting a dramatic swing in sentiment from just a week prior.

On Oct. 20, CLF stock surged after-market, reflecting the earnings and strategic announcements. TS2 reports the stock “jumped nearly 20% on October 20, 2025”, reaching an intraday high around $16.50 before settling at about $15.50 ts2.tech. This lifted the share price to a new 52-week high and brought the year-to-date gain to roughly +42% ts2.tech ts2.tech. For comparison, U.S. steel peers like Nucor saw much smaller moves; Nucor’s stock was up ~17% YTD and edged up modestly in late Oct, while CLF jumped sharply ts2.tech. Broad market action was relatively stable on Oct. 20, suggesting CLF’s move was company-specific. As of Oct. 21, CLF is trading in the mid-$15s to $16 range, well above where analysts had forecast its value. TS2 notes that at around $15.50 on Oct. 20’s open, the stock was about 25–30% above the average analyst target ts2.tech ts2.tech.

Cleveland-Cliffs’ third-quarter 2025 results confirmed a boost in domestic steel demand thanks to protective tariffs. Revenue came in at $4.73 billion, up ~3.6% year-over-yearts2.tech, as shipments rose to 4.0 million tons of steelts2.tech. This was just below analyst forecasts and down slightly from Q2 levelsclevelandcliffs.com, but a notable improvement from the stagnant volumes of late 2024. The company still posted a net lossts2.tech, similar to a year ago, indicating that while sales are growing, profitability remains challenged. CEO Lourenco Goncalves attributed the red ink partly to legacy cost pressures, but emphasized that new trade policies are driving a turnaround in Cliffs’ core marketclevelandcliffs.com.

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.com. The company shipped 4.0 million net tons of steel, reflecting stronger orders from automakers investorshub.advfn.com. However, CLF still posted a GAAP net loss of $251 million, nearly unchanged from a year ago marketscreener.com. Adjusted loss was $0.45/share, in line with forecasts. Management emphasized that new long-term contracts with Detroit automakers were secured under the new trade rules. As CEO Goncalves noted, domestic demand has “recovered for automotive-grade steel made in the USA” thanks to the Trump administration’s “new trade environment” marketscreener.com investorshub.advfn.com. In short, the tariffs are helping CLF grab market share at home.