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Cleveland-Cliffs CLF Other steel products — Revenue

Discontinued — last reported Q1 '26

Other product segments

Hot-rolled steel
$1.54B+15.5%
Coated steel
$1.53B+10.1%
Plate
$1.08B-3.6%
Other
$701M+20.9%
Cold-rolled steel
$660M+2.3%
Stainless and electrical steel
$525M+21.0%
Plate steel
$253M-8.0%

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Other financials

Income statement

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Revenue$5.2B+5.9%
Gross profit$132.0M+162%
Operating income-$49.0M+90.2%
Net income-$134.0M+71.7%
EPS (diluted)-$0.25+74.5%

Balance sheet

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Cash & equivalents$70.0M+14.8%
Total debt$7.7B-0.3%
Total equity$5.6B-3.7%
Total assets$20.1B-1.7%

Cash flow

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Operating cash flow-$325.0M+7.4%
CapEx$157.0M+40.2%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7.22B+55.7%
Enterprise value$14.85B+20.7%
P/S0.4×+0.1×

Profitability

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Gross margin-1.1%
Operating margin-4.2%-1.5pp
Net margin-4.3%-1.5pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-14.6%-4.3pp
Debt / equity1.4×0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Cleveland-Cliffs’s 10-Q, filed April 21, 2026.

Filed
Apr 21, 2026, 4:43 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000764065-26-000070
(In millions)Three Months Ended March 31, 20262025
Coated steel1,4311,361
Stainless and electrical steel465444
Plate steel254247
Other steel products108247
Other452411
Total Steelmaking4,7574,467
Other Businesses
Other165162

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's other steel products — revenue?
Cleveland-Cliffs (CLF) reported other steel products — revenue of $108M in Q1 2026.
How has Cleveland-Cliffs's other steel products — revenue changed year-over-year?
Cleveland-Cliffs's other steel products — revenue decreased by 56.3% year-over-year, from $247M to $108M.
What does other steel products — revenue mean?
This metric represents the total gross revenue generated from the sale of semi-finished steel products, such as slabs, and other miscellaneous steel offerings outside of the primary flat-rolled product lines. It serves as a key indicator of the company's ability to monetize non-core steel output and capture value from intermediate manufacturing stages. Monitoring this revenue stream helps investors assess the diversification of the product mix and the impact of market pricing fluctuations on secondary steel assets.

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