These Factors Could Drive Cleveland-Cliffs’ Valuation in 2018
In this part, we’ll discuss how markets are valuing Cleveland-Cliffs’ (CLF) stock versus its peers as we head into 2018. For this purpose, we’ll use the EV-to-forward EBITDA multiple. Among the US steel and iron ore peers, Nucor (NUE) is trading at the highest forward multiple of 7.7x.