Ferrous Processing Trading Co News Today

Jim Lebenthal says Cleveland-Cliffs will outperform the benchmark this year. He gave several reasons for his bullish stance on CNBC.

The Raw Steels Monthly Metals Index (MMI) rose by 12.7% month over month to 121, as scrap prices made gains this past month. U.S. steel prices continue to

Cleveland-Cliffs is part of a Wall Street Journal look at efforts by U.S. steel producers to buy up scrap businesses to ensure a steady supply of raw material for new mills. Plus, The New York Times talks with the parent of a Cleveland Metropolitan School District student as part of a roundup of the ways the Omicron variant is disrupting school and work schedules, and Cleveland Fed president Loretta Mester gains a vote this year on the central bank's interest-rate-setting committee.