What happened Shares in steelmaker Cleveland-Cliffs (NYSE: CLF) surged a remarkable 44.1% in March, according to data provided by S&P Global Market Intelligence. Moreover, the sanctions against Russia won't end anytime soon, and there's a large steelworks in Mariupol in Ukraine, which is one of the epicenters of the conflict. Cleveland-Cliffs stands to do very well if the global economy walks the tight line of maintaining growth while absorbing rising inflation.