Latest news with #Coshocton
Yahoo
03-07-2025
- Business
- Yahoo
Cleveland-Cliffs (CLF) Surges 6.8% as New $150-Million Mill Raises Production Prospects
Cleveland-Cliffs Inc. (NYSE:CLF) is one of . Cleveland-Cliffs rallied for a second day on Tuesday, adding 6.84 percent to close at $8.12 apiece as investors cheered the official launch of its $150-million finishing line at an Ohio mill. The facility is a state-of-the-art Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio, and is ready to supply premium stainless steel for high-end automotive and critical appliance applications. According to Cleveland-Cliffs Inc. (NYSE:CLF), the new annealing line uses a 100 percent hydrogen atmosphere, replacing the conventional acid-based processing, and includes a hydrogen recovery unit to recycle hydrogen and use a 50/50 mix of new and used hydrogen in the process. 'Since acquiring AK Steel in 2020, our stainless steel business has been the most consistent profit-generating unit for Cleveland-Cliffs. This new line at Coshocton only enhances that, with an expected quick payback on this major investment,' said Cleveland-Cliffs Inc. (NYSE:CLF) President and CEO Lourenco Goncalves. A welder in a hardhat soldering steel plates to a blueprint plan. 'By using hydrogen and advanced automation, we're dramatically improving the quality and productivity of this critical product that our customers rely upon Cleveland-Cliffs for. As we embrace the new competitive landscape in the domestic steel industry, our profitability prospects are only getting stronger,' he underscored. While we acknowledge the potential of CLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Cleveland-Cliffs (CLF) Surges 6.8% as New $150-Million Mill Raises Production Prospects
Cleveland-Cliffs Inc. (NYSE:CLF) is one of . Cleveland-Cliffs rallied for a second day on Tuesday, adding 6.84 percent to close at $8.12 apiece as investors cheered the official launch of its $150-million finishing line at an Ohio mill. The facility is a state-of-the-art Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio, and is ready to supply premium stainless steel for high-end automotive and critical appliance applications. According to Cleveland-Cliffs Inc. (NYSE:CLF), the new annealing line uses a 100 percent hydrogen atmosphere, replacing the conventional acid-based processing, and includes a hydrogen recovery unit to recycle hydrogen and use a 50/50 mix of new and used hydrogen in the process. 'Since acquiring AK Steel in 2020, our stainless steel business has been the most consistent profit-generating unit for Cleveland-Cliffs. This new line at Coshocton only enhances that, with an expected quick payback on this major investment,' said Cleveland-Cliffs Inc. (NYSE:CLF) President and CEO Lourenco Goncalves. A welder in a hardhat soldering steel plates to a blueprint plan. 'By using hydrogen and advanced automation, we're dramatically improving the quality and productivity of this critical product that our customers rely upon Cleveland-Cliffs for. As we embrace the new competitive landscape in the domestic steel industry, our profitability prospects are only getting stronger,' he underscored. While we acknowledge the potential of CLF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Cleveland-Cliffs (NYSE:CLF) Unveils $150 Million Stainless Steel Expansion In Ohio
Cleveland-Cliffs has recently inaugurated a new Vertical Stainless Bright Anneal Line at their Coshocton Works facility, marking a $150 million investment aimed at enhancing their premium stainless steel production. This recent expansion may have added weight to the stock's 5% advance over the past month amid an overall flat market trend. While broader markets dealt with geopolitical tensions and fluctuating oil prices, Cleveland-Cliffs' move aligns with their strategic growth in the automotive and appliance sectors, possibly providing resilience against other market pressures. This development highlights the company's commitment to innovation and sustainability. Be aware that Cleveland-Cliffs is showing 3 possible red flags in our investment analysis and 1 of those is concerning. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Cleveland-Cliffs' recent investment in its Coshocton Works facility could provide significant support to its efforts in enhancing production efficiency for premium stainless steel. This $150 million expansion aligns with projections of increased demand in the automotive and appliance sectors. By investing in state-of-the-art facilities, the company may not only bolster its revenue streams but also potentially improve earnings forecasts amid a fluctuating market, although these benefits would unfold longer term. Analyst projections suggest that despite current losses, the company could gain momentum if demand in key sectors revives as expected. Over a longer-term horizon, Cleveland-Cliffs has seen a total shareholder return, including dividends, of 38.56% over the past five years. This return offers some context to the company's recent performance amidst more immediate market challenges. Nonetheless, over the past year, the company's shares have underperformed both the US Metals and Mining industry and the broader US market, which saw returns of 8.2% and 10.4%, respectively. Share price movements, positioned against a consensus price target of US$10.91, reflect a potential undervaluation given its current trading at US$8.61. The stock is trading at a 21.1% discount to this target, indicating room for growth potential if the company successfully capitalizes on its strategic opportunities and overcomes current risks. However, given the expected annual share growth and other factors, investors should conduct their due diligence before aligning with this valuation outlook. Dive into the specifics of Cleveland-Cliffs here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CLF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
LPNs, surgical techs at Coshocton Regional ratify first contract
COSHOCTON — Licensed practical nurses and surgical technologists at Coshocton Regional Medical Center have ratified their first union contract. According to an announcement from the Ohio Nurses Association, the contract was approved by a vote of the 14-member bargaining unit, which formed in June 2024. The unit is represented by the Ohio Nurses Association and the American Federation of Teachers. The association said in the announcement "this contract establishes a fair wage scale, differential pay and improved tuition reimbursement, all tied to recruiting and retaining staff to reduce workloads and provide better care to the community" while also giving workers protected rights to have a voice in workplace decisions. "Our first contract values our work and gives us a solid structure to build our union,' said Kim Dotson, vice president of the union. 'We're ready to use our union voice to hold the hospital accountable to their commitments in our contract." The contract is a three-year agreement that went into effect May 31 and will remain in place until May 31, 2028. The bargaining unit organized to address concerns about working conditions, pay equity and the need for input in decisions that affect patient care, according to the announcement. This story was created by Jane Imbody, jimbody@ with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at or share your thoughts at with our News Automation and AI team. This article originally appeared on Coshocton Tribune: Coshocton Regional LPNs, techs win rights in first union contract
