Cleveland-Cliffs Inc (CLF)

Cleveland-Cliffs' stock price has been influenced by earnings reports and strategic announcements. Following the Q3 2025 earnings, shares surged due to strong demand for US-produced steel and plans to explore rare earth mineral mining. The full-year 2025 performance was impacted by weak automotive sector production and a slab supply contract. The stock experienced a dip after the Q4 2025 earnings release due to seasonal impacts and maintenance. As of March 26, 2026, the share price was $8.49, representing a 9.00% decline over the past year.

Demand for Cleveland-Cliffs' products exhibits seasonality, with heavier-than-usual seasonal impacts typically affecting fourth-quarter shipments. The company anticipates an improvement in first-quarter shipments due to improved demand and better utilization of its U.S. mills. The company serves growing end-markets for steel, including automotive, construction, white goods, and manufacturing. Its demand is closely tied to the production levels and health of the automotive sector.

Cleveland-Cliffs Inc. is North America's largest flat-rolled steel producer and a leading supplier of iron ore pellets. The company is vertically integrated, managing the entire production flow from mined raw materials to downstream finishing. It produces a wide array of steel products, including hot-rolled, cold-rolled, and coated steel, as well as stainless and electrical products. Approximately one-third of its steel production is directed towards the automotive sector, making it the largest supplier of automotive-grade steel in the U.S.

Cleveland-Cliffs Inc. primarily operates across the United States and Canada. It manages iron ore mines in Minnesota and Michigan, and its integrated steelmaking network includes facilities across the Great Lakes region. Key steelworks are situated in Burns Harbor, Cleveland, Middletown, Dearborn, and East Chicago, with additional operations in Hamilton, Ontario, Canada. The company also operates facilities for HBI, coke-making, and coal mining.

Cleveland-Cliffs maintains a positive brand reputation, underscored by industry awards and recognition for quality and innovation. The company achieved its safest year since becoming a steel company and emphasizes strong employee and union engagement. Cleveland-Cliffs actively engages with local communities through its foundation and employee volunteer efforts. The company's sustainability efforts also contribute to a favorable public image.

Cleveland-Cliffs Inc. exhibits a mixed ownership structure comprising institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock. ArcelorMittal is the largest individual shareholder. Insiders hold a portion of the stock, with CEO C. Lourenco Goncalves directly holding shares. The general public holds a portion of the company's stock.