Stock Track | Cleveland-Cliffs Plummets 5.11% Intraday on Report of Potential Steel Tariff Rollbacks

Stock Track

Feb 13

Cleveland-Cliffs' stock plummeted 5.11% during intraday trading on Friday, as shares of U.S. steelmakers faced significant selling pressure.

The sharp decline followed a Financial Times report indicating that U.S. President Donald Trump plans to scale back some tariffs on steel and aluminum goods. According to the report, the administration is reviewing the list of products affected by the levies and plans to exempt some items, halt the expansion of lists, and instead launch more targeted national security probes into specific goods.

This potential policy shift negatively impacted steel producers, with Cleveland-Cliffs falling alongside peers like Nucor and Steel Dynamics in pre-market and early trading sessions. Reduced tariff protection could increase competition from imported steel, potentially affecting domestic producers' pricing power and profitability.

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According to the report, the administration is reviewing the list of products affected by the levies and plans to exempt some items, halt the expansion of lists, and instead launch more targeted national security probes into specific goods.</p><p>This potential policy shift negatively impacted steel producers, with Cleveland-Cliffs falling alongside peers like Nucor and Steel Dynamics in pre-market and early trading sessions. Reduced tariff protection could increase competition from imported steel, potentially affecting domestic producers' pricing power and profitability.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLF","symbol_name":"克利夫兰克里夫","start_time":0,"source_url":"","article_id":"1145781817","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145781817","pubTimestamp":1770993631,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cleveland-Cliffs' stock plummeted 5.11% during intraday trading on Friday, as shares of U.S. steelmakers faced significant selling pressure.The sharp decline followed a Financial Times report...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLF":"克利夫兰克里夫"},"translate_title":"个股追踪|Cleveland-Cliffs盘中暴跌5.11%，因钢铁关税可能下调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLF":1},"content_text":"Cleveland-Cliffs' stock plummeted 5.11% during intraday trading on Friday, as shares of U.S. steelmakers faced significant selling pressure.The sharp decline followed a Financial Times report indicating that U.S. President Donald Trump plans to scale back some tariffs on steel and aluminum goods. 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