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Cleveland-Cliffs CLF Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue by Business
Eliminations-$124M-12.7%-$110M+1.8%-$112M-3.7%-$108M-16.1%-$93M-2.2%
Other Businesses$662M+0.8%$657M+0.3%$655M+3.6%$632M-2.2%$646M-1.5%
Steelmaking$18.37B+1.7%$18.06B-0.1%$18.08B+0.8%$17.93B-0.7%$18.06B-3.0%
Revenue by Product
Coated steel$5.5B+1.3%$5.43B+0.2%$5.42B+1.2%$5.36B-2.8%$5.51B-4.5%
Cold-rolled steel$2.45B+1.9%$2.4B-2.1%$2.45B-1.4%$2.49B-2.6%$2.55B-5.8%
Hot-rolled steel$5.01B+5.1%$4.77B+2.6%$4.65B+2.6%$4.53B+5.0%$4.31B+0.9%
Other$2.34B+1.9%$2.3B-0.9%$2.32B+1.0%$2.3B-1.1%$2.32B+0.1%
Stainless and electrical steel$1.77B+1.2%$1.75B-0.7%$1.76B+1.0%$1.74B-2.6%$1.79B-0.9%

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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.