February 4, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) closed off a brutal 2024 for the domestic steel industry with a glimmer of hope: President Trump's vow to hike tariffs on imports from Mexico, Canada and China, which could include stronger action on steel imports in particular. The company also anticipates growth from a series of improvements at a recently acquired subsidiary in Canada. Industrial Info is tracking more than US$3.6 billion worth of active and proposed projects across the U.S. and Canada from Cleveland-Cliffs, more than two-thirds of which is attributed to steel-manufacturing projects. "Other than the COVID-impacted 2020, 2024 was the worst year for domestic steel demand since 2010," said Lourenco Goncalves, the chief executive officer of Cleveland-Cliffs. Other companies featured: Stelco and Primobius GmbH
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