---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-24-000202"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:35:37.356466+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs reports Q3 revenue $4.6B, GAAP net loss $230M; idles blast furnace; Stelco deal closed

## Summary
- Revenue $4.6B, 3.8M net ton shipments; GAAP net loss $230M ($0.52 diluted EPS).
- Adjusted net loss $156M ($0.33/sh); adjusted EBITDA $124M; lower vs Q2.
- Cites weaker auto demand; idled Cleveland #6 blast furnace; lowest unit cost since 2021.
- Stelco acquisition closed Nov 1; Stelco Q3 adj EBITDA US$64M (13% margin); shipments 639K tons.
- Lowered 2024 capex to $600-$650M; 2025 standalone capex ~$600M; strategic projects.

## SEC filing metadata
- accession: 0000764065-24-000202
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406524000202/0000764065-24-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406524000202/clf-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-24-000202
- JSON: https://secwatch.observer/filing/0000764065-24-000202.json
- Plain text: https://secwatch.observer/filing/0000764065-24-000202.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.