Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling
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Morgan Stanley cuts U.S. Steel and Cleveland-Cliffs on modest demand growth
February 15, 2024 1:39 PM ESTMorgan Stanley cut shares of steelmakers U.S. Steel (NYSE: X) and Cleveland-Cliffs (NYSE: CLF) to Equal-Weight from Overweight in a note Thursday, with the firm noting only modest steel demand growth this year.
Analyst Carlos De Alba explained that the firm's analysis points to a modest... More
