Adjusted EBITDA
Cleveland-Cliffs·Business Segments·3 segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Steelmaking | $306M | $111M | — | -$189M | $83M | $129M | -$36M | $80M |
| Other Businesses | $18M | $8M | $10M | $10M | $16M | $12M | $15M | $15M |
| Eliminations | — | — | — | $0 | -$2M | $2M | $0 | $0 |
| Total | $306M | $111M | — | -$189M | $83M | $129M | -$36M | $80M |