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Cleveland-Cliffs Reports $447M Loss Amid Weak Steel Demand

2/25/2025

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Summary

Story summary

Cleveland-Cliffs Inc. posted a fourth-quarter loss of $447 million, or $0.92 per share, falling short of analyst expectations.
Revenue decreased by 15.4% to $4.33 billion, also below forecasts.
The company reported a full-year loss of $754 million, with total revenue at $19.18 billion.
CEO Lourenco Goncalves attributed the results to weak steel demand and high fixed costs.

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Story summary

Cleveland-Cliffs Inc. posted a fourth-quarter loss of $447 million, or $0.92 per share, falling short of analyst expectations.
Revenue decreased by 15.4% to $4.33 billion, also below forecasts.
The company reported a full-year loss of $754 million, with total revenue at $19.18 billion.
CEO Lourenco Goncalves attributed the results to weak steel demand and high fixed costs.