Steel stocks slammed as evidence points to weak global market in 2025 (NYSE:CLF)

large bowl of molten metal at a steel mill. Steel production.

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Steel company stocks were notably poor performers on Thursday and Friday, with Cleveland-Cliffs (NYSE:CLF) -13.2%, Nucor (NYSE:NUE) -9.5%, Steel Dynamics (STLD) -8.4%, Commercial Metals (CMC) -7.1%, US Steel (X) -5%, ArcelorMittal (MT) -4.4% over the two trading sessions.

Reports earlier this week said President Biden is planning

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