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

+15.80%
Upside
16.16
Market
18.71
Trefis
CLF: Cleveland-Cliffs logo
CLF
Cleveland-Cliffs

What?

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.

Why?

Relevant Articles
  1. Company Of The Day: Cleveland-Cliffs
  2. What To Expect From Cleveland-Cliffs Q3 Results?
  3. Is Cleveland-Cliffs Stock A Buy Despite Tough Macros?
  4. With Auto Demand Likely To Revive, Is Cleveland-Cliffs Stock Attractive?
  5. Should You Buy The Dip In Cleveland-Cliffs Stock?
  6. Cleveland-Cliffs Stock Rises Almost 20% In Ten Days – Here’s Why

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