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Cleveland-Cliffs CLF Stainless and electrical steel — Revenue

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%
Plate steel
$253M-8.0%
Other steel products
$108M-56.3%

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RSStainless Steel — Revenue
$595.2M+21.7%
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FIXElectrical — Revenue
$968.99M+81.2%
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NUEOther Steel Products — Revenue
$988M+15.3%
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NUESteel Mills — Revenue
$6.04B+23.0%
Nucor logo
NUESteel Products — Revenue
$2.79B+15.8%
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STLDSteel Operations — Revenue
$4.14B+22.3%

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 July 23, 2026.

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100
(In millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Hot-rolled steel$1,539$1,332$2,949$2,498
Cold-rolled steel6606451,2971,236
Coated steel1,5321,3922,9632,753
Stainless and electrical steel525434990878
Plate steel253275507522
Other steel products16276124523
Other527417979828
Total Steelmaking5,0524,7719,8099,238

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's stainless and electrical steel — revenue?
Cleveland-Cliffs (CLF) reported stainless and electrical steel — revenue of $525M in Q2 2026.
How has Cleveland-Cliffs's stainless and electrical steel — revenue changed year-over-year?
Cleveland-Cliffs's stainless and electrical steel — revenue increased by 21.0% year-over-year, from $434M to $525M.
What is the long-term trend for Cleveland-Cliffs's stainless and electrical steel — revenue?
Over 4 years (2021 to 2025), Cleveland-Cliffs's stainless and electrical steel — revenue has grown at a 1.9% compound annual growth rate (CAGR), from $1.62B to $1.75B.
What does stainless and electrical steel — revenue mean?
This metric represents the total gross revenue generated from the sale of stainless and electrical steel products within a specific business segment. It reflects the market demand and pricing power for high-value specialty steel grades used in critical industrial and energy applications. Monitoring this figure helps investors assess the segment's contribution to overall top-line performance and its sensitivity to fluctuations in specialty steel market pricing.

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