Cleveland-Cliffs Raises 2027 Outlook After First Quarterly Profit in Two Years
Cleveland-Cliffs 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 15% in morning trading.
Cleveland-Cliffs (NYSE: CLF) lifted its 2027 core profit forecast on Monday, following stronger prices and lower costs that helped the steelmaker record its first quarterly profit in more than two years. Cleveland-Cliffs shares gained 15% in morning trading, putting them on course for their largest one-day advance since July…