Cleveland-Cliffs (CLF) Jumps, Benefits From UK Steel Imports
From Yahoo Finance: 2025-06-18 07:05:00
Cleveland-Cliffs Inc. (NYSE:CLF) surged 4.92% to $7.67 as President Trump maintains tariffs on UK steel imports, boosting investor confidence. Trump threatens to keep 25% duties on UK steel unless guarantees are made for the steel plant in South Wales. UK Prime Minister vows to address steel concerns. Duties on imported steel benefit domestic manufacturers like Cleveland-Cliffs (CLF), making their products more attractive and supporting competitive pricing. CLF is a US-based steel and iron ore producer. While CLF shows promise, other AI stocks may offer higher returns. Consider investing in AI stocks for potential growth.
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