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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-33.3%-$110M-20.9%-$112M-26.6%-$108M-21.3%-$93M-6.3%
Other Businesses$662M+2.5%$657M+0.2%$655M-0.3%$632M-5.5%$646M-3.3%
Steelmaking$18.37B+1.7%$18.06B-3.0%$18.08B-7.1%$17.93B-12.4%$18.06B-15.4%
Revenue by Product
Coated steel$5.5B-0.2%$5.43B-5.9%$5.42B-10.4%$5.36B-16.6%$5.51B-17.3%
Cold-rolled steel$2.45B-4.2%$2.4B-11.4%$2.45B-10.8%$2.49B-8.9%$2.55B-7.7%
Hot-rolled steel$5.01B+16.2%$4.77B+11.6%$4.65B+6.6%$4.53B-2.1%$4.31B-11.4%
Other$2.34B+0.9%$2.3B-0.9%$2.32B-4.5%$2.3B-9.5%$2.32B-12.1%
Stainless and electrical steel$1.77B-1.2%$1.75B-3.3%$1.76B-8.0%$1.74B-14.2%$1.79B-17.4%

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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.