Cleveland-Cliffs Inc (CLF)

In May 2025, Cleveland-Cliffs reported a larger-than-expected Q1 adjusted loss and announced plans to idle six steel plants, leading to a stock decline. In July 2025, the company announced its second-quarter earnings results. In October 2025, the company reported its Third-Quarter 2025 results, which led to a stock surge due to a recovery in domestic steel demand and securing multi-year fixed-price contracts. Also in October 2025, Cleveland-Cliffs announced a proposed public offering of common shares and revealed POSCO as a strategic partner. In November 2025, Edilson Camara was appointed to the Board of Directors. The stock experienced a decline due to revenue and margin pressures, weak selling prices, product mix challenges, and macroeconomic risks.

The demand for Cleveland-Cliffs' products exhibits some seasonality, influenced by the cyclical nature of the steel industry and its key customer segments. June and July have historically been the strongest calendar period for CLF stock performance. Management anticipates seasonal effects to impact Q4 shipments. Fluctuations in construction, manufacturing, and automotive industries can influence the demand for Cleveland-Cliffs' steel and iron ore products.

Cleveland-Cliffs Inc. is a vertically integrated steel and mining company and the largest flat-rolled steel producer and iron ore pellet manufacturer in North America. The company operates in the Basic Materials sector, focusing on the entire steel production process. Its products include flat-rolled carbon steel, stainless steel, steel plates, tinplate, long steel products, and iron ore pellets. Cleveland-Cliffs serves diverse markets, with a significant focus on the automotive, construction, infrastructure, and manufacturing industries.

Cleveland-Cliffs' operations are primarily in the United States and Canada. The company is headquartered in Cleveland, Ohio, with steelmaking and finishing facilities in several U.S. states and Ontario, Canada. It also manages iron ore mines in Minnesota and Michigan.

Cleveland-Cliffs has positioned itself as a crucial player in the domestic steel industry and a supporter of American manufacturing. The company has emphasized that raising tariffs on imported steel strengthens the American steel industry and protects steelworkers' livelihoods. Cleveland-Cliffs has also underscored its role as the backbone of the American automotive supply chain and highlighted its strategic importance to national security.

Cleveland-Cliffs Inc. has a diverse ownership structure, with a significant portion held by institutional investors, accounting for approximately 77.54% of the company's shares. Individual investors hold about 3.44% of the company, while Cleveland-Cliffs insiders own 19.02%. ArcelorMittal is the largest individual shareholder, holding 7.72% of the company.