24/7 Market News Snapshot 21 July, 2025 – Cleveland-Cliffs Inc. (NYSE:CLF)
DENVER, Colo., 21 July, 2025 (www.247marketnews.com) – (NYSE:CLF) are discussed in this article.
Cleveland-Cliffs Inc. has recently made headlines with a notable surge in its stock price, opening today at $10.09 and reaching $10.725, marking a significant increase of 13.13% following a previous session close of $9.48. This rise is indicative of strong bullish momentum, with current trading volume amounting to 47.38 million shares, reflecting heightened investor interest and activity. Key resistance levels are expected near $11.50, while support may stabilize around $9.00, presenting critical thresholds for traders to monitor amidst the ongoing volatility.
Contributing to this wave of optimism, Cleveland-Cliffs also reported impressive second-quarter results for 2025, showcasing its resilience within the steel industry amid ongoing challenges. The Company achieved a record high of 4.3 million net tons in steel shipments, resulting in revenue of $4.9 billion, which exceeded figures from the previous quarter.
Although the quarter concluded with a GAAP net loss of $470 million—primarily impacted by $323 million in non-recurring charges—the adjusted net loss was reported at $247 million, with adjusted earnings per share at $0.50. This performance reflects significant progress compared to the first quarter, where adjusted losses reached $456 million, suggesting a potential turnaround.
Adjustments to operational efficiencies have led to a marked increase in adjusted EBITDA, which reached $97 million this quarter—an impressive gain of $271 million from Q1 2025. The reduction in steel unit costs, down by $15 per net ton, signals the effectiveness of the Company’s optimization initiatives.
Chairman, President, and CEO Lourenco Goncalves expressed his optimism about these outcomes, citing strong domestic steel pricing and a healthy order book as factors supporting the Company’s positive trajectory. Cleveland-Cliffs is poised for continued strategic growth, especially following the expiration of a five-year slab supply contract with a competitor, which is expected to enhance profitability in the automotive sector and solidify the Company’s position in the domestic market.