secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0000764065-25-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs Q2: record steel shipments 4.3M tons; GAAP net loss $470M
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- Revenues $4.9B; GAAP net loss $470M includes $323M non-recurring charges.
- Adjusted net loss $247M ($0.50/diluted share); adjusted EBITDA $97M, $271M QoQ improvement.
- Steel shipments 4.3M net tons (record); average selling price $1,015/ton.
- Full-year capex guidance lowered to ~$600M; SG&A to ~$575M; DD&A raised to ~$1.2B.
- CEO says slab supply contract with competitor ends in <5 months; not to be extended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000121/0000764065-25-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000121/clf-20250721.htm
  HTML page:      https://secwatch.observer/filing/0000764065-25-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer