Cleveland-Cliffs (CLF) surged 6.8% with new $150 million mill improving production prospects.

Cleveland-Cliffs Inc. (NYSE:CLF) surged 6.84% on Tuesday as it unveiled a new $150 million finishing line at an Ohio mill. The state-of-the-art facility in Coshocton, Ohio, uses a 100% hydrogen atmosphere and is expected to supply premium stainless steel for automotive and appliance applications. CEO Lourenco Goncalves highlighted the enhanced profitability and productivity prospects with the new technology. While CLF shows promise as an investment, some AI stocks may offer higher returns with limited downside risk. Investors looking for cheap AI stocks can explore further opportunities in the market.

Read more at Yahoo Finance: Cleveland-Cliffs (CLF) Surges 6.8% as New $150-Million Mill Raises Production Prospects