Cleveland-Cliffs slumps after quarterly revenue misses estimates [BNN Bloomberg (Canada)]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: BNN Bloomberg
The company's shares were trading down at US$12.22, and were on pace for their biggest single-day drop since Oct. 21. CEO Lourenco Goncalves said Cleveland-Cliffs' performance in 2025 was affected by weak production levels in the automotive sector, the termination of a 5-year slab supply contract with ArcelorMittal and the impact from the Trump administration's sweeping metal tariffs on the company's Canadian operations. “Canada became a dumping ground for producers trying to avoid U.S. tariffs, and downstream Canadian manufacturing was negatively impacted as well,” Goncalves said. Despite the tariffs bolstering U.S. steel spot prices, commercial contracts have lagged, as the industry adjusted to an older pricing index, resulting in lower selling prices during the fourth quarter. The tariffs further hurt sales in the automotive sector, comprising 28 per cent of Cleveland-Cliffs' quarterly steelmaking revenue, as the bottom line of U.S. automakers take a hit from higher costs
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CLF
Earnings
- 2/9/26 - Beat
CLF
Sec Filings
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- CLF's page on the SEC website