---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-25-000031"
form_type: "8-K/A"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2025-01-17T23:59:59+00:00"
generated_at: "2026-05-27T23:35:35.301663+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cliffs completes Stelco acquisition; Stelco FY2023 net income plunged to C$149M from C$997M

## Summary
- Stelco FY2023 revenue C$2,917M, net income C$149M, vs FY2022 revenue C$3,463M, net income C$997M.
- Stelco FY2023 gross profit C$400M, operating income C$309M, vs prior year C$1,160M and C$1,085M respectively.
- Stelco FY2023 total assets C$3,065M, equity C$1,296M; dividends paid C$258M in FY2023.
- Audited Stelco financials for FY2023/2022 and unaudited interim for nine months Sep 30, 2024 filed.
- Unaudited pro forma combined financials filed as Exhibit 99.3 (specific pro forma figures not detailed in this document).

## SEC filing metadata
- accession: 0000764065-25-000031
- form_type: 8-K/A
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2025-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406525000031/0000764065-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406525000031/clf-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-25-000031
- JSON: https://secwatch.observer/filing/0000764065-25-000031.json
- Plain text: https://secwatch.observer/filing/0000764065-25-000031.txt

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