{"schema_version":"secwatch.filing_event.v1","accession":"0000764065-25-000100","form_type":"8-K","ticker":"CLF","cik":"0000764065","company_name":"CLEVELAND-CLIFFS INC.","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.207998+00:00","generated_at":"2026-05-22T09:48:55.259250+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cleveland-Cliffs Q1 net loss $483M, idles six facilities for $300M+ annual savings","bullets":["Q1 GAAP net loss $483M ($1.00/sh), adjusted loss $456M ($0.92/sh); revenues $4.6B vs $4.3B Q4.","Adjusted EBITDA loss $174M vs loss $81M in Q4; steel selling price $980/ton down from $1,175 YoY.","Six facilities fully or partially idled; expected annual savings >$300M; flat-rolled output unchanged.","Full-year 2025 capex guidance reduced to $625M from $700M; SG&A to $600M from $625M.","Slab contract with ArcelorMittal/Nippon Steel ending year-end; termination seen as $500M annualized EBITDA benefit from 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000764065-25-000100","json":"https://secwatch.observer/filing/0000764065-25-000100.json","markdown":"https://secwatch.observer/filing/0000764065-25-000100.md","text":"https://secwatch.observer/filing/0000764065-25-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764065/000076406525000100/0000764065-25-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764065/000076406525000100/clf-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T09:48:55.259250+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}