Cleveland-Cliffs Posts Q3 Net Loss of $234 Million on $4.7 Billion Revenue

Reuters
2025/10/20
Cleveland-Cliffs Posts Q3 Net Loss of $234 Million on $4.7 Billion Revenue

Cleveland-Cliffs Inc. reported third-quarter results for the period ended September 30, 2025. The company recorded steel shipments of 4.0 million net tons and revenues of $4.7 billion, compared to $4.9 billion in the previous quarter. The GAAP net loss for the quarter was $234 million, while the adjusted net loss was $223 million. Adjusted EBITDA was $143 million, up from $94 million in the second quarter. As of September 30, 2025, total liquidity was $3.1 billion. The company updated its full-year 2025 guidance for capital expenditures to approximately $525 million and selling, general and administrative expenses to approximately $550 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cleveland-Cliffs Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251020555652) on October 20, 2025, and is solely responsible for the information contained therein.

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