Cleveland-Cliffs Sets Shipment Record in Q2

Cleveland-Cliffs Inc.(NYSE:CLF) reported Q2 2025 results on July 21, achieving a sequential adjusted EBITDA improvement of $271 million alongside record shipments of 4.3 million tons. Notable strategic developments included a $150 million investment in premium stainless production, clear acceleration of cost reduction programs, and the launch of non-core asset divestitures with several billion dollars of potential value at stake. The company reaffirmed a disciplined approach to capital allocation and highlighted its distinct advantage as a vertically integrated producer in a rapidly shifting North American steel landscape.Chief Financial Officer Celso Goncalves confirmed an unanticipated $15 per ton quarter-over-quarter cost reduction, reversing previous guidance for a cost increase, and Cleveland-Cliffs remains on track to achieve its annual $50 per ton unit cost reduction target for 2025. Shipment volumes rose by 150,000 tons to 4.3 million, boosting productivity and allowing for greater fixed-cost absorption across the manufacturing base.This surprise outperformance demonstrates management’s ability to extract operational leverage, and creates a buffer for debt reduction.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool