Business Summary: Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from 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. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, and slabs. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless-steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
Financial Summary: BRIEF: For the three months ended 31 March 2026, Cleveland-Cliffs Inc revenues increased 6% to $4.92B. Net loss before extraordinary items decreased 53% to $234M. Revenues reflect Steelmaking segment increase of 6% to $4.76B, Other Business segment increase of 2% to $165M. Lower net loss reflects Selling, general and administrative e decrease of 10% to $104M (expense), Net periodic benefit credits other than increase of 12% to $64M (income).