Shares of Cleveland-Cliffs (NYSE: CLF), one of the nation's biggest steelmakers, soared 13.7% through 1:20 p.m. ET Monday after beating on earnings this morning.

Analysts had forecast a rough quarter for Cleveland-Cliffs, with $0.63 per share in losses expected on sales of $4.9 billion. The company nailed the revenue target, and beat on earnings with a loss of "only" $0.50 per share.

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Source Fool.com