Forecast Of The Day: Cleveland-Cliff’s North American Iron Ore Revenue Per Ton

CLF: Cleveland-Cliffs logo


Trefis expects Cleveland-Cliff’s (NYSE:CLF) North American Iron Ore Revenue Per Ton to rise from around $114 in 2020 to about $125 in 2021. However, we expect the number to decline to about $120 in 2022.


Relevant Articles
  1. Should You Buy The Dip In Cleveland-Cliffs Stock?
  2. Cleveland-Cliffs Stock Rises Almost 20% In Ten Days – Here’s Why
  3. With Iron Ore Price Dropping Below $100, How’s Cleveland-Cliffs Stock Doing?
  4. With Iron Ore Prices Tanking, How Is Cleveland-Cliffs’ Stock Performing?
  5. Is Cleveland-Cliffs Set To Rise Further After Its 70% Rally?
  6. Why Did Cleveland-Cliffs Stock Drop 12% In A Week?

The higher prices are driven by tighter supply as well as stricter environmental policy in China, which has caused the country to import higher grades of iron ore, resulting in higher pricing globally.

So What?

We believe the projected growth is largely priced into CLF stock. We value CLF at about $25 per share, slightly ahead of the $24 market price.

See Our Complete Analysis For Cleveland-Cliff

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams