“Cleveland-Cliffs Rises 3% as Steel-Stock Selloff Subsides; Nucor and Steel Dynamics Tick Higher
On Wednesday, the recent steel-stock selloff subsided as Cleveland-Cliffs rose 3% to $11.32, Nucor ticked up 0.4% to $236.62, and Steel Dynamics advanced 0.81% to $223.16. The moves reflect a stabilizing day for steel equities after a period of decline.
Why it matters — Nucor shares advanced alongside the broader steel sector as the recent selloff eased, signaling a modest recovery in steel-stock sentiment.