---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-25-000055"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T06:36:47.632629+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs reports full-year 2024 net loss of $708M; revenue down 13% to $19.2B

## Summary
- Full-year 2024 consolidated revenues $19.2B vs $22.0B in 2023; net loss of $708M ($1.57 diluted EPS).
- Q4 2024 adjusted EBITDA loss of $81M vs $279M in Q4 2023; GAAP net loss of $434M ($0.92/share).
- Steel product sales volume 15.6M net tons in 2024; average selling price $1,081/ton vs $1,171/ton in 2023.
- 2025 expectations: steel unit cost reductions ~$40/ton; capex ~$700M; includes Stelco operations.
- CEO cites worst steel demand since 2010 (ex-COVID); expects rebound in 2025 supported by trade enforcement.

## SEC filing metadata
- accession: 0000764065-25-000055
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406525000055/0000764065-25-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406525000055/clf-20250224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-25-000055
- JSON: https://secwatch.observer/filing/0000764065-25-000055.json
- Plain text: https://secwatch.observer/filing/0000764065-25-000055.txt

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