Lmst

US stocks closed higher as hopes for a Trump-Xi call eased trade tensions, with the Dow, S&P 500, and Nasdaq all rebounding despite initial losses; steel stocks surged on tariff hikes, while manufacturing data signaled ongoing contraction.
#YonhapInfomax #TrumpXiCall #USTariffs #ClevelandCliffs #SP500 #ManufacturingPMI #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65908

Over 600 Iron Range steelworkers face job losses as Cleveland-Cliffs temporarily idles operations at Hibbing Taconite Co. and the Minorca Mine. This decision stems from the auto industry's decline, pushing the company to manage excess inventory. Despite claims of employee support, skepticism lingers regarding profit motives. The situation raises concerns about the executives' futures amid these challenges. [Read more](https://crooksandliars.com/2025/03/over-600-steelworkers-laid-due-tariffs) #IronRange #Steelworkers #ClevelandCliffs #JobLosses #AutoIndustry

'Disappointing and devastating': Steel manufacturer fires workers and blames Trump tariffs - #ClevelandCliffs of original #PickandsMather #steel #ores #clevelandhistory

https://www.alternet.org/steel-workers-trump-tariffs/

Goldman Sachs raises target prices for US steel stocks, predicting continued rally amid Trump's tariff policy boost and improved industry outlook
#YonhapInfomax #GoldmanSachs #SteelStocks #TariffPolicy #Nucor #ClevelandCliffs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50489

US steel and aluminum stocks surge as President Trump announces 25% tariff on imports, with Cleveland-Cliffs up 10.46% and Nucor rising 6.46%
#YonhapInfomax #SteelStocks #AluminumStocks #TrumpTariffs #ClevelandCliffs #USImports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50316

Japan avoided commenting on Cleveland-Cliffs CEO Lourenco Goncalves’ provocative remarks over Nippon Steel’s takeover bid for U.S. Steel, a day after he described the country as “evil.” https://www.japantimes.co.jp/business/2025/01/14/companies/japan-clevelandcliffs-ceo/?utm_medium=Social&utm_source=mastodon #business #companies #nipponsteel #ussteel #clevelandcliffs #lourencogoncalves #nucor

Cleveland-Cliffs and Nucor are considering a potential joint bid for United States Steel following U.S. President Joe Biden's blocking of Nippon Steel’s bid earlier this month. https://www.japantimes.co.jp/business/2025/01/14/companies/cleveland-cliffs-bid-for-us-steel/?utm_medium=Social&utm_source=mastodon #business #companies #nipponsteel #ussteel #clevelandcliffs #nucor #acquisitions #steel

#Minnesota Star Tribune: "Company seeks to expand massive lake of mine waste near North Shore"

#Journalist: Chloe Johnson

#Photojournalist: Lori Andresen, Yuqing Liu, Aaron Lavinsky, Yuqing Liu, Mike Zerby

#ClevelandCliffs, owner of the Northshore Mining which processes #taconite on the shores of #LakeSuperior, wants to expand its 2,150 acre waste tailings 'pond'.

They don't think the 1976 #EnvironmentImpactStatement from #MN #DNR needs an update

https://archive.ph/GWbQ5

#mnpol #news #Strib