Earnings StabilityThe company’s leverage to auto with annual fixed contract pricing can help smooth earnings.
Shareholder ValueThe company has a strong culture of execution and a renewed focus on returning capital to shareholders, primarily via share repurchases, with authorization for another $1.5 billion of buybacks.
Strategic AcquisitionsCleveland-Cliffs is in discussions to acquire US assets of Russia's NLMK, potentially adding ~1.45 million metric tonnes of annual crude steel capacity and positioning the company as the United States' second largest steelmaker.