Latest Financial Results

Jul 22, 2021 • 7:00 AM EDT

Q2 2021 Quarterly Results

Quarter Ended Jun 30, 2021

$5B

Second-quarter 2021 consolidated revenues were $5.0 billion, compared to the prior-year second-quarter revenues of $1.1 billion.

$1.4B

Second-quarter 2021 Adjusted EBITDA* was $1.4 billion, compared to a $82 million loss in the second quarter of 2020.

Source: 10-Q 2021 Q2

For complete information regarding our financials, see our periodic filings

* Non-GAAP Financial Measures. View full reconciliation in our Q2 earnings press release.

Historical Share Performance

Cleveland-Cliffs (NYSE:CLF) 1-year historical share price performance versus the peer group of North American steel companies. These peer companies include:

Latest Quarterly Results

$5B

Second-quarter 2021 consolidated revenues were $5.0 billion, compared to the prior-year second-quarter revenues of $1.1 billion.

$1.4B

Second-quarter 2021 Adjusted EBITDA* was $1.4 billion, compared to a $82 million loss in the second quarter of 2020.

Source: 10-Q 2021 Q2

For complete information regarding our financials, see our periodic filings

* Non-GAAP Financial Measures. View full reconciliation in our Q2 earnings press release.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2020

Report Links

View Report View 10-K
Sign up for Email Alerts

Receive updates straight into your inbox

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. The Company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and is the largest steel supplier to the automotive industry in North America. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada. For more information, visit www.clevelandcliffs.com

View company profile

Cleveland-Cliffs at a Glance

25K

Employees with 20,000 Union represented across our Mining, Steel, and downstream manufacturing operations in the US and Canada.

46

Operating Facilities

As of Dec. 31, 2020 • 10-K 2020

Cleveland-Cliffs Company Performance in FY 2020

Total Revenue

In millions

Revenues by Product Line

  • Coated: 33%
  • Iron Products: 25%
  • Stainless/Electrical: 16%
  • Hot-rolled: 7%
  • Cold-rolled: 9%
  • Other: 10%

Revenue by Market

  • Automotive: 45%
  • Infrastructure and Manufacturing: 15%
  • Distributors and Converters: 13%
  • Steel Producers*: 27%

* Includes Realization of deferred revenue of $35 million for the year ended December 31, 2020

As of Dec. 31, 2020 • 10-K 2020
For complete information regarding our financials, see our periodic filings.

IR Contacts

Corporate Office

Cleveland-Cliffs Inc.
200 Public Square
Suite 3300
Cleveland, OH 44114
T: (216) 694-5700
info@clevelandcliffs.com

Investor Relations

Paul Finan
Vice President, Investor Relations
T: 216-694-6544
ir@clevelandcliffs.com

Transfer Agent

Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
T: 303-562-9695
shareholder@broadridge.com
https://shareholder.broadridge.com/clf/