Rising prices helped steel maker Cleveland-Cliffs report much better-than-expected first-quarter sales and earnings. Prices for Cliffs steel rose even as spot prices for steel dropped in the first quarter.
Cliffs (ticker: CLF) stock was higher following its rising pricing trend. Now the company just has to convince investors that the good times will last.
Cleveland-Cliffs…
Source: https://www.barrons.com/articles/cleveland-cliffs-clf-stock-earnings-steel-pricing-51650626468?siteid=yhoof2&yptr=yahoo