Cliffs Natural downgraded to Neutral from Buy at Davenport Davenport downgraded Cliffs Natural based to reflect a more conservative view for production at Bloom Lake. Price target lowered to $33 from $55.
United Steelworkers union prepares for week of strike action The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link