Cleveland-Cliffs CLF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Eliminations | -$42M-50.0% | -$21M+8.7% | -$24M-20.0% | -$37M-68.2% | -$28M-7.7% | |
| Other Businesses | $167M+3.1% | $159M+1.3% | $173M+15.3% | $163M-7.9% | $162M-5.8% | |
| Steelmaking | $4.8B+6.7% | $4.18B-0.4% | $4.59B+3.3% | $4.81B-2.6% | $4.5B-11.0% | |
| Revenue by Product | ||||||
| Coated steel | $1.43B+5.1% | $1.24B+0.7% | $1.44B+4.7% | $1.39B-10.0% | $1.36B-16.1% | |
| Cold-rolled steel | $637M+7.8% | $530M-8.8% | $636M-5.2% | $645M-9.3% | $591M-21.1% | |
| Hot-rolled steel | $1.41B+20.9% | $1.15B+11.7% | $1.12B+11.9% | $1.33B+19.5% | $1.17B+3.4% | |
| Other | $617M+7.7% | $568M-3.6% | $578M+4.0% | $580M-4.1% | $573M+0.5% | |
| Other steel products | $108M-56.3% | —— | $204M-26.1% | $276M-13.2% | $247M-26.3% | |
| Plate steel | $254M+2.8% | —— | $286M+20.7% | $275M-13.2% | $247M-25.8% | |
| Stainless and electrical steel | $465M+4.7% | $404M-3.1% | $466M+3.8% | $434M-9.6% | $444M-3.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Cleveland-Cliffs break its business down?
- Cleveland-Cliffs (CLF) reports revenue by business across 3 parts — Eliminations, Other Businesses and Steelmaking. Each is extracted from the segment footnotes and tracked over time.
- Where does Cleveland-Cliffs's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Cleveland-Cliffs's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
