Cleveland-Cliffs reported a strong Q3 with adjusted EBITDA of $612 million, beating guidance and marking its best quarter in three years. The company expects 2027 adjusted EBITDA to exceed $4 billion, driven by higher steel prices, improved operations, and new customer contracts. Despite some challenges like increased maintenance and input costs, the steelmaker is optimistic due to reduced imports, stronger domestic demand, and improved market conditions. It also plans to reduce net debt significantly by mid-2027 and maintain production by idling some galvanizing lines in Canada temporarily.
As of Oct 19, 2026 21:21 WIB, Cleveland-Cliffs (CLF) shares are trading at USD 13.61 on Pluang, showing a strong 1-day gain of 12.29%. The stock's market capitalization stands at $6.91 billion, reflecting investor interest possibly linked to the company’s robust quarterly performance and optimistic outlook. Volume traded is notable at 24,906,473 shares, indicating active trading in this basic materials sector stock.
Cleveland-Cliffs reported Q3 adjusted EPS of $0.28, beating analyst estimates of $0.21, while revenue of $5.61 billion fell short of the $5.69 billion forecast. The company saw higher steel prices and shipments of 4.2 million net tons, returning to q...
Cleveland-Cliffs reported its best quarter in three years with adjusted EBITDA of $612 million, beating guidance and lifting shares 10%. Despite missing revenue expectations at $5.61 billion, the company saw improved pricing, sales volumes, and profi...
Cleveland-Cliffs is set to report Q3 2026 earnings on October 19, with analysts forecasting a significant turnaround to $0.24 earnings per share from a loss of $0.45 the previous year. Revenue is expected to rise to around $5.7 billion, up from $4.73...
Alcoa's shares rose 8% following a Q3 earnings beat with adjusted earnings of $1.82 per share, surpassing estimates, despite slightly missing revenue forecasts. The company also agreed to sell part of its New York Massena East site for data center de...
Cleveland-Cliffs shares fell 4%, a sharper decline than its steel rivals, due to uncertainty over U.S. trade policy impacting its integrated operations in both the U.S. and Canada. The company owns Stelco, a Canadian steelmaker, so tariffs on Canadia...
