Cleveland-Cliffs CLF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Eliminations | -$42M-100% | -$21M+12.5% | -$24M+35.1% | -$37M-32.1% | -$28M-21.7% | |
| Other Businesses | $167M+5.0% | $159M-8.1% | $173M+6.1% | $163M+0.6% | $162M+3.2% | |
| Steelmaking | $4.8B+14.9% | $4.18B-8.9% | $4.59B-4.6% | $4.81B+7.0% | $4.5B+7.3% | |
| Revenue by Product | ||||||
| Coated steel | $1.43B+15.8% | $1.24B-14.3% | $1.44B+3.6% | $1.39B+2.3% | $1.36B+10.9% | |
| Cold-rolled steel | $637M+20.2% | $530M-16.7% | $636M-1.4% | $645M+9.1% | $591M+1.7% | |
| Hot-rolled steel | $1.41B+22.6% | $1.15B+2.5% | $1.12B-15.8% | $1.33B+14.2% | $1.17B+13.2% | |
| Other | $617M+8.6% | $568M-1.7% | $578M-0.3% | $580M+1.2% | $573M-2.7% | |
| Other steel products | $108M— | —— | $204M-26.1% | $276M+11.7% | $247M— | |
| Plate steel | $254M— | —— | $286M+4.0% | $275M+11.3% | $247M— | |
| Stainless and electrical steel | $465M+15.1% | $404M-13.3% | $466M+7.4% | $434M-2.3% | $444M+6.5% |
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.
