Steel and construction machinery rose slightly today. $Cleveland Cliffs(CLF.US) was up 0.6%, and $Caterpillar(CAT.US) was up 0.3%😔
There's no clear directional catalyst; the market is waiting for new incremental data on infrastructure investment.
Caterpillar's orders are influenced by the cycles of mining and construction activities, with recent PMI data trends serving as short-term reference variables.
CLF is driven by both automotive and construction sectors domestically in the US. Tariff policies are favorable for domestic steel manufacturers, but the extent remains to be seen.
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