Sifting through countless of stocks in the Metals & Mining industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Cleveland-Cliffs Inc. or Companhia Siderúrgica Nacional because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional compare based on key financial metrics to determine which better meets your investment needs.

About Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Companhia Siderúrgica Nacional, together with its subsidiaries, operates as an integrated steel producer in Brazil and internationally. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The Steel Segment offers produce and sells of flat and long steel. The Mining Segment engages in extraction, processing and marketing of iron ore, tin, limestone, and dolomite. The Logistics Segment supplies railways, port concessions, and road fleet. The Cement Segment produces and sells bagged and bulk cement, as well as aggregates, concrete, and other products. The Energy segment is involved in generation and commercialization of energy originating from renewables. It offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products including, reinforcing bars, iron rods, and laminated profiles; food and chemical packaging solutions; and carbochemical products. It also provides steel cutting services; produces and sells cement; operates railways; and generates electric power from its hydroelectric power plants. In addition, the company offers steel solutions and distributions; packaging; logistics services; and certifications. Companhia Siderúrgica Nacional was founded in 1941 and is headquartered in São Paulo, Brazil.

Latest Metals & Mining and Cleveland-Cliffs Inc., Companhia Siderúrgica Nacional Stock News

As of October 9, 2026, Cleveland-Cliffs Inc. had a $7.4 billion market capitalization, compared to the Metals & Mining median of $1.5 million. Cleveland-Cliffs Inc.’s stock is down 2.3% in 2026, up 14.7% in the previous five trading days and down 6.62% in the past year.

Currently, Cleveland-Cliffs Inc. does not have a price-earnings ratio. Cleveland-Cliffs Inc.’s trailing 12-month revenue is $19.2 billion with a -4.6% net profit margin. Year-over-year quarterly sales growth most recently was 5.9%. Analysts expect adjusted earnings to reach $-0.181 per share for the current fiscal year. Cleveland-Cliffs Inc. does not currently pay a dividend.

As of October 9, 2026, Companhia Siderúrgica Nacional had a $1.7 billion market cap, putting it in the 52nd percentile of all stocks. Companhia Siderúrgica Nacional’s stock is down 20% in 2026, up 10.3% in the previous five trading days and down 20% in the past year.

Currently, Companhia Siderúrgica Nacional does not have a price-earnings ratio. Companhia Siderúrgica Nacional’s trailing 12-month revenue is $8.7 billion with a -5.8% net profit margin. Year-over-year quarterly sales growth most recently was 11.2%. There are no analysts providing consensus earnings estimates for the current fiscal year. Companhia Siderúrgica Nacional does not currently pay a dividend.

How We Compare Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional’s stock grades to see how they measure up against one another.

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Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional Stock Value Grades

Company	Ticker	Value
Cleveland-Cliffs Inc.	CLF	D
Companhia Siderúrgica Nacional	SID	A

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Cleveland-Cliffs Inc. has a Value Score of 39, which is Expensive. Companhia Siderúrgica Nacional has a Value Score of 82, which is Deep Value.

The Value Stock Winner: Companhia Siderúrgica Nacional

As you can clearly see from the Value Grade breakdown above, Companhia Siderúrgica Nacional is considered to have better value than Cleveland-Cliffs Inc.. For investors who focus solely on a company’s valuation, Companhia Siderúrgica Nacional could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional’s Momentum Grades

Company	Ticker	Momentum
Cleveland-Cliffs Inc.	CLF	B
Companhia Siderúrgica Nacional	SID	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Cleveland-Cliffs Inc. has a Momentum Score of 70, which is Strong. Companhia Siderúrgica Nacional has a Momentum Score of 59, which is Average.

The Momentum Grade Winner: Cleveland-Cliffs Inc.

As you can clearly see from the Momentum Grade breakdown above, Cleveland-Cliffs Inc. is considered to have stronger momentum compared to Companhia Siderúrgica Nacional. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Cleveland-Cliffs Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Cleveland-Cliffs Inc.	CLF	B
Companhia Siderúrgica Nacional	SID	na

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Cleveland-Cliffs Inc. has a Earnings Estimate Score of 66, which is Positive. Companhia Siderúrgica Nacional does not have a meaningful Earnings Estimate Score.

The Earnings Estimate Revisions Stock Winner: Undetermined

If you are strictly an investor who focuses on earnings estimate revisions, you may want to add Cleveland-Cliffs Inc. to your watch list. However, because only one of the companies in our comparison has a valid Earnings Estimate Revisions Grade, we cannot call it a clear winner. Evaluation of the other grades for both companies is necessary in order to understand which stock is the better investment based on AAII’s proprietary scores and analysis.

Other Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional Grades

In addition to Momentum, Value and Estimate Revisions, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Cleveland-Cliffs Inc. or Companhia Siderúrgica Nacional Stock?

Overall, Cleveland-Cliffs Inc. stock has a Value Score of 39, Momentum Score of 70 and Estimate Revisions Score of 66.

Companhia Siderúrgica Nacional stock has a Value Score of 82, Momentum Score of 59 and Estimate Revisions Score of .

Comparing Cleveland-Cliffs Inc. and Companhia Siderúrgica Nacional’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.