Cleveland-Cliffs Inc. (NYSE:CLF) saw its share prices increase by 15.98 percent on Thursday to finish at $10.96 apiece, after reporting a strong earnings performance in the second quarter of the year. Photo from Cleveland-CliffsStrong Domestic MarketCleveland-Cliffs Inc. (NYSE:CLF) Chairman and CEO Lourenco Goncalves pointed to the ongoing global tensions as benefitting the domestic steel market. "The domestic market remains strong as ongoing global tensions continue to underscore the importance of having a thriving domestic steel industry. "Our second-half earnings performance should be our strongest since 2021 as Q4 EBITDA is currently expected to even further exceed our Q3 guidance. Hedge Fund Participation SlidesInstitutional participation in the company notably weakened in the first quarter of the year, despite improving prospects for the domestic steel market.