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U.S. steel producer Cleveland-Cliffs released its 2025 financial results, reporting that its external steel sales increased by 4% year-over-year, reaching 16.2 million short tons. 47F400 Non oriented magnetic steel, During the reporting period, hot-rolled steel accounted for 40% of total sales volume.
In 2025, the average net selling price for the company's steel products was $1,005 per short ton, down from $1,081 per short ton in 2024. 47F400 Non oriented magnetic steel, For the full year, the company generated consolidated revenue of approximately $18.6 billion but recorded a net loss of approximately $1.7 billion.
Lorenco Goncalves, the company's Chairman, President, and CEO, stated that the 2025 financial results are being weighed down by multiple factors, including sluggish production in the automotive sector, the termination of a five-year slab supply contract with ArcelorMittal, and new adverse developments in the Canadian market.
He further noted that, over the past year, the company has optimized its business portfolio and divested non-core assets—measures that have had only a limited impact on flat-rolled product output. 47F400 Non oriented magnetic steel, Additionally, the company has signed multi-year contracts with key automotive clients, further reduced production costs compared to 2024, extended debt maturities, and curtailed capital expenditures.
Additionally, Cleveland-Cliffs plans to finalize its transaction with South Korea’s POSCO during the first half of this year; the latter is currently conducting due diligence regarding the strategic partnership previously announced by both parties.
The company projects that its steel shipments in 2026 will reach between 16.5 million and 17.0 million short tons—slightly above 2025 levels—and anticipates a reduction of approximately $10 per ton in steelmaking costs, with full-year capital expenditures expected to total around $700 million.
