Cleveland-Cliffs ( (CLF) ) has released its Q3 earnings. Here is a breakdown of the information Cleveland-Cliffs presented to its investors.
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Cleveland-Cliffs Inc. is a leading North American steel producer, specializing in value-added sheet products for the automotive industry, with operations spanning mining, pellet production, and steelmaking. In its third-quarter 2025 earnings report, Cleveland-Cliffs announced a GAAP net loss of $234 million and an adjusted net loss of $223 million, with revenues totaling $4.7 billion. Despite the losses, the company reported an improved adjusted EBITDA of $143 million, indicating a recovery in demand for automotive-grade steel. Key highlights from the report include a strategic focus on automotive steel, bolstered by new trade policies, and a Memorandum of Understanding with a global steel producer to enhance market presence. The company also emphasized its exploration of rare earth mineral opportunities at its mining sites in Michigan and Minnesota, aligning with national strategies for critical material independence. Looking forward, Cleveland-Cliffs anticipates further growth in 2026, driven by its strategic partnerships and market positioning in the U.S. steel industry.