

Cleveland-Cliffs vs CMC
Cleveland-Cliffs vs CMC compares two major players in the metals sector, examining how their business models relate to financial performance and the market context in which they operate. This page offers an impartial overview of their strategies, operations, and competitive environment to help readers understand similarities and differences without favouring either side. Educational content, not financial advice.
Cleveland-Cliffs vs CMC compares two major players in the metals sector, examining how their business models relate to financial performance and the market context in which they operate. This page off...
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
America's Copper Advantage: Tariffs Reshape The Market
The U.S. has imposed a 50% tariff on certain copper imports, causing market volatility and creating a potential advantage for domestic producers. This theme focuses on U.S.-based copper fabricators and refiners who stand to benefit from these protectionist measures.
Published: July 31, 2025
Explore BasketU.S. Protectionism: American Advantage
This carefully selected group of stocks represents companies set to benefit from the new 35% tariff on Canadian imports. Our professional analysts have identified these U.S. businesses as being uniquely positioned to capture greater market share and increase their pricing power as foreign competition becomes more expensive.
Published: July 14, 2025
Explore BasketTrump's Tariff Ripple Effect
These carefully selected stocks represent US companies likely to benefit from expanded tariffs on foreign imports. Our professional analysts have identified domestic manufacturers and steel producers positioned to gain market share as their international competitors face higher costs.
Published: July 11, 2025
Explore BasketInvestment Analysis
Pros
- Cleveland-Cliffs is the last major American-based integrated steel producer with strong North American market presence.
- The company offers a diverse product portfolio including flat-rolled steel, stainless steel, steel plates, and mining raw materials.
- Recent strategic acquisitions like Stelco strengthen Cleveland-Cliffs' vertical integration and market position.
Considerations
- Cleveland-Cliffs reported a net loss of $1.68 billion in the trailing twelve months, reflecting profitability challenges.
- Its return on equity is negative at about -25.83%, indicating current financial performance below historical averages.
- The company carries high debt levels around $7.73 billion, considerably higher than peers, which increases financial risk.

CMC
CMC
Pros
- Commercial Metals Company (CMC) has a stronger forward price-to-earnings ratio indicating better expected earnings relative to price.
- CMC maintains significantly lower debt levels at about $1.34 billion, supporting a more robust balance sheet and liquidity.
- The company exhibits a more stable beta of 1.29, suggesting lower stock price volatility compared to Cleveland-Cliffs.
Considerations
- CMCβs market capitalization and revenue are substantially lower than Cleveland-Cliffs, limiting scale advantages.
- Despite profitability, CMC's earnings and valuation metrics still point to periods of underperformance compared to industry standards.
- The company is less diversified, focusing primarily on steel products, which may limit growth drivers relative to integrated producers.
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