Cleveland-Cliffs Raises 2027 Outlook, Posts First Quarterly Profit in Over Two Years
The steelmaker raised its 2027 core profit forecast after stronger prices and lower costs helped it post its first quarterly profit in more than two years. Shares rose as much as 14% in premarket trading.
Cleveland-Cliffs (NYSE: CLF) lifted its 2027 core profit forecast on Monday. Higher prices and lower costs helped the steelmaker record its first quarterly profit in more than 2 years. The company's shares climbed as much as 14% in premarket trading.