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Cleveland-Cliffs CLF Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Revenue by Business
Eliminations-$47M-27.0%-$42M-50.0%-$21M+8.7%-$24M-20.0%-$37M-68.2%
Other Businesses$177M+8.6%$167M+3.1%$159M+1.3%$173M+15.3%$163M-7.9%
Steelmaking$5.1B+6.0%$4.8B+6.7%$4.18B-0.4%$4.59B+3.3%$4.81B-2.6%
Revenue by Product
Coated steel$1.53B+10.1%$1.43B+5.1%$1.24B+0.7%$1.44B+4.7%$1.39B-10.0%
Cold-rolled steel$660M+2.3%$637M+7.8%$530M-8.8%$636M-5.2%$645M-9.3%
Hot-rolled steel$1.54B+15.5%$1.41B+20.9%$1.15B+11.7%$1.12B+11.9%$1.33B+19.5%
Other$701M+20.9%$617M+7.7%$568M-3.6%$578M+4.0%$580M-4.1%
Plate steel$253M-8.0%$254M+2.8%$286M+20.7%$275M-13.2%
Other steel products$16M-94.2%$276M-6.3%
Stainless and electrical steel$525M+21.0%$465M+4.7%$404M-3.1%$466M+3.8%$434M-9.6%

FAQ

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.