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Steel company stocks performed notably poorly on Thursday and Friday, with Cleveland-Cliffs (New York Stock Exchange:CLF) -13.2%Nucor (New York Stock Exchange:NUE) -9.5%Steel Dynamics (STLD) -8.4%Commercial Metals (CMC) -7.1%US Steel (X) -5%ArcelorMittal (MT) -4.4% during the two negotiation sessions.
Reports from earlier this week said that President Biden is planning