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Cleveland-Cliffs (CLF) PT Raised to $12 at Wells Fargo

Mon, 24 Aug 2026 06:46:56 -0400

Wells Fargo analyst Timna Tanners raised the price target on Cleveland-Cliffs (NYSE: CLF) to $12.00 (from $11.00) while maintaining a Equal Weight rating.

Global steel output edges lower as China decline offsets growth, Morgan Stanley comments

Mon, 24 Aug 2026 05:52:48 -0400

Investing.com -- Global crude steel production fell 0.3% year-over-year in July and remained 0.6% lower year-to-date, according to Morgan Stanley.

The decline was driven entirely by China, where output dropped 3.6% year-over-year and 3.1% year-to-date. Production outside China rose 3.4% year-over-year and 2.4% year-to-date.

Among major producers, India increased output by 1.9% year-over-year and 6.1% year-to-date. The US grew 4.4% year-over-year and 6.0% year-to-date, while Turkey expanded 7.0% year-over-year and 7.9% year-to-date. South Korea's production rose 6.4% year-over-year and 2.7% year-to-date.

Russia's output rebounded 3.3% year-over-year but remained 6.1% lower year-to-date. Japan and Brazil posted minimal growth at 0.4% and 0.1% year-over-year

Global steel output edges lower as China decline offsets growth, Morgan Stanley comments

Mon, 24 Aug 2026 05:52:48 -0400

Investing.com -- Global crude steel production fell 0.3% year-over-year in July and remained 0.6% lower year-to-date, according to Morgan Stanley.

The decline was driven entirely by China, where output dropped 3.6% year-over-year and 3.1% year-to-date. Production outside China rose 3.4% year-over-year and 2.4% year-to-date.

Russia's output rebounded 3.3% year-over-year but remained 6.1% lower year-to-date. Japan and Brazil posted minimal growth at 0.4% and 0.1% year-over-year

Global steel output edges lower as China decline offsets growth, Morgan Stanley comments

Mon, 24 Aug 2026 05:52:48 -0400

Investing.com -- Global crude steel production fell 0.3% year-over-year in July and remained 0.6% lower year-to-date, according to Morgan Stanley.

The decline was driven entirely by China, where output dropped 3.6% year-over-year and 3.1% year-to-date. Production outside China rose 3.4% year-over-year and 2.4% year-to-date.

Russia's output rebounded 3.3% year-over-year but remained 6.1% lower year-to-date. Japan and Brazil posted minimal growth at 0.4% and 0.1% year-over-year

Cleveland-Cliffs plans $1B upgrade at Middletown Works steel plant

Fri, 21 Aug 2026 10:00:38 -0400

Cleveland-Cliffs Inc. (NYSE: CLF) announced a $1 billion investment in its Middletown Works steel plant in Middletown, Ohio, with the U.S. Department of Energy (DOE) providing $500 million of the total funding through a rescoped grant.

The investment will be split equally between Cleveland-Cliffs and the DOE and is expected to be deployed over four years while steel production continues uninterrupted. The project is set to begin within weeks, with completion of a blast furnace rebuild planned for the first quarter of 2030.

Planned upgrades include blast furnace modernization, advanced material handling infrastructure, and artificial intelligence-enabled process control technologies. The project also

Cleveland-Cliffs Announces $1 Billion Middletown Works Investment to be Supported by $500 Million U.S. Department of Energy Award