Analyst consensus for clf stock price now averages $23.20, reflecting optimism over demand resilience despite macro headwinds like inflationary pressures. Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America. Shares of this mining company have returned +33.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Steel - Producers industry, to which Cleveland-Cliffs belongs, has gained 6.9% over this period. Now the key question is: Where could the stock be headed in the near term? Investors in clf stock price are watching scrap steel prices, which have trended higher. Rising input costs could pressure margins unless contract pricing adjusts accordingly.
