There wasn't any news from the company, but investors have some reasonable concerns based on Cleveland-Cliffs' peer group.
News & Analysis: United States Steel
Major benchmarks posted modest gains, but some concerns from the industrial metals sector could pose longer-term problems.
One piece of bad news pushed the shares lower on Wednesday, and an after-hours announcement kept the negative mood going on Thursday.
Q2's loss will be even bigger than you thought.
$1 trillion is a lot of money to spend on infrastructure.
What went down just went back up.
Ominous rumbles shake the economy.
X earnings call for the period ending March 31, 2020.
It has an iconic name, but U.S. Steel isn't as good a company as Nucor, from its balance sheet to its income statement and more.
The steelmaker is cutting production and spending, and shoring up its cash position.