Cleveland-Cliffs Drops 4% as Tariff Doubt Returns; Nucor and Steel Dynamics Slip
Cleveland-Cliffs (CLF) stock fell 4% to $12.13 due to U.S. trade policy uncertainty, more than peers Nucor (NUE) and Steel Dynamics (STLD), which dropped 1%. CLF's exposure to Canadian steel via Stelco makes it more sensitive to trade shifts. The company is expanding electrical steel production at its Butler Works plant, tying revenue to grid spending.
