Cleveland-Cliffs shares tumble as quarterly revenue falls short of expectations
Cleveland-Cliffs shares fell today after revenue missed estimates due to weak auto demand. The company faced lower selling prices despite narrower losses.
Insights:
Cleveland-Cliffs Inc. reported fourth-quarter revenue of $4.31 billion, falling below the $4.59 billion expected by analysts. The financial results, confirmed on 2026-02-09T16:23:05.000Z, coincided with an 18.8% drop in the company's share price. This shortfall materially affected the market valuation of the firm, which remains a key player in the steel industry.
The company attributed the revenue miss to several factors, including weak production in the automotive sector and among U.S. 
US automakers. Additionally, Cleveland-Cliffs pointed to an expiring slab contract that became value-destructive and adverse dynamics in the Canadian 
CA market as significant contributors to the lower figures. These factors led to a reduction in the company’s total revenue for 2025, which fell to $18.61 billion from the $19.19 billion recorded in 2024.
US automakers. Additionally, Cleveland-Cliffs pointed to an expiring slab contract that became value-destructive and adverse dynamics in the Canadian CA market as significant contributors to the lower figures. These factors led to a reduction in the company’s total revenue for 2025, which fell to $18.61 billion from the $19.19 billion recorded in 2024.
