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Stock impact report

Tariffs Add to Automaker Concerns About Higher Steel Costs [The New York Times]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
President Trump’s imposition of tariffs on all steel and aluminum imports could make it more expensive to produce cars in the United States, dealing another blow to automakers already facing the potential of rising steel prices because of other policies from his administration.Top of mind for auto executives was the bid by the Japanese steel makerNippon SteelconfirmedMany auto industry executives believe that the merger could have increased competition and supply in the American steel industry, ultimately lowering steel prices.In the United States, U.S. Steel and Cleveland-Cliffs are the only major American producers of the high-finish steel favored by automakers. Cleveland-Cliffs has long sought to acquire its rival, but such a merger has raise Read more
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