Cleveland-Cliffs Stock Down 34% in 6 Months: Should You Buy the Dip?
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Cleveland-Cliffs' stock has declined by 34% over the past six months. Despite advantages from its vertically integrated operations, cost-saving measures, and the Stelco acquisition, the company faces challenges due to weaker steel prices.
January 22, 2025 | 9:15 pm
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Cleveland-Cliffs has seen a 34% stock decline in six months. The company benefits from its integrated operations and the Stelco acquisition, but weaker steel prices are a concern.
The decline in Cleveland-Cliffs' stock is attributed to weaker steel prices, which overshadow the benefits of its vertically integrated operations and the Stelco acquisition. This suggests a negative short-term impact on the stock price.
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RELEVANCE 100