BUZZ-Cleveland-Cliffs falls after Q4 results miss

Reuters

2025/02/25

** Steelmaker Cleveland-Cliffs' shares CLF.N fall 5% to $10.59 premarket

** CLF on Monday posted adjusted loss of 68 cents per share, compared with analysts' estimates of a loss of 61 cents a share - LSEG compiled data

** Decline in domestic automotive production, and too much imported steel from abroad led to unsustainably low prices of the alloy in 2024, the impact of which was particularly evident in Q4 - CEO Lourenco Goncalves

** Q4 revenue $4.33 billion vs LSEG estimates of $4.43 bln

** In 2024, stock had fallen ~54%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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