secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0000764065-25-000146
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs Q3 GAAP net loss $234M, adjusted EBITDA $143M, guides lower capex
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- GAAP net loss $234M ($0.45/diluted); adjusted net loss $223M; revenues $4.7B.
- Adjusted EBITDA $143M vs $94M in Q2; steel shipments 4.0M net tons.
- Average steel selling price $1,032/ton; cash margin $205M.
- FY2025 capex guided to ~$525M (from $600M); SG&A ~$550M (from $575M).
- Entered MoU with major global steel producer; rare earths potential at Michigan/Minnesota.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000146/0000764065-25-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406525000146/clf-20251020.htm
  HTML page:      https://secwatch.observer/filing/0000764065-25-000146

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