Cleveland-Cliffs falls after Q4 revenue miss

Cleveland-Cliffs

09/02/2026 12:09

** Shares of steel producer Cleveland-Cliffs CLF.N fall 3% to $14.28 after Q4 revenue misses estimates

** Co reports Q4 revenue of $4.3 billion vs. analysts' estimates of $4.59 billion - data compiled by LSEG

** Attributes weak performance to persistently weak automotive sector production, an expiring five-year slab contract and adverse dynamics in the Canadian market

** Reports Q4 adj. loss of 43 cents per share, lower than estimates for a loss of 60 cents per share

** Reports first narrower-than-expected loss after five straight quarters of bigger-than-expected losses

** As of last close, CLF up ~11% YTD, following a ~40% gain in 2025

(Reporting by Utkarsh Tushar Hathi in Bengaluru)

((utkarshtushar.hathi@thomsonreuters.com))