Morgan Stanley Downgrades Cleveland-Cliffs as U.S. Steel Prices Near Peak

Cleveland-Cliffs (CLF) shares fell by 3.1% after Morgan Stanley downgraded the stock to Equal Weight from Overweight, citing that a supply-driven rally in U.S. steel prices is nearing its peak.

By Carl Surran, SA News Editor · Seeking Alpha · June 22, 2026, 18:49 UTC

Morgan Stanley Downgrades Cleveland-Cliffs as U.S. Steel Prices Near Peak

Tickers: $CLF $MS

Topics: Cleveland-Cliffs Morgan Stanley stock downgrade

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