Strong Demand for US Automotive Steel Drives Cleveland-Cliffs' Q3 Results. Will Strategic Expansion into Rare Earths Follow?
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The stock of Cleveland-Cliffs (CLF) has recently shown strength. It is a leading steel and mining company that specializes in the production of high-quality automotive steel. The company operates extensive production capacities, including nine galvanizing plants, five of which specialize in visibly exposed automotive parts. New Memorandum of Understanding with a major global steel producer On Monday (October 20), the company announced that it had signed a Memorandum of Understanding (MoU) with a major global steel producer in mid-September....
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