Movement Alert｜cleveland-cliffs Rises 5.16% in Pre-Market Trading, Tariff-Driven Steel Operations Suspension Fuels Rally

Market Focus

Oct 06

On October 6, cleveland-cliffs rose 5.16% in pre-market trading, trading at $12.8/share with turnover of $82.08 million.

The move follows reports that the company's Canadian unit Stelco plans to idle some cold-rolled and coated operations at Hamilton Works due to disruptions caused by US tariffs, a development that may tighten supply and support steel prices.

The stock is rebounding after a sharp 9.15% decline on September 29, when the tariff-related news first surfaced. Analysts have recently raised price targets, with one major bank lifting its target to $13 from $11, while another maintains a hold rating with an average target of $12.33.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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