Cleveland-Cliffs Stock Skyrockets on Tariff Boom & Rare-Earth Pivot – Price Surges, Key Facts & Forecasts
Cleveland-Cliffs’ third-quarter 2025 results confirmed a boost in domestic steel demand thanks to protective tariffs. Revenue came in at $4.73 billion, up ~3.6% year-over-yearts2.tech, as shipments rose to 4.0 million tons of steelts2.tech. This was just below analyst forecasts and down slightly from Q2 levelsclevelandcliffs.com, but a notable improvement from the stagnant volumes of late 2024. The company still posted a net lossts2.tech, similar to a year ago, indicating that while sales are growing, profitability remains challenged. CEO Lourenco Goncalves attributed the red ink partly to legacy cost pressures, but emphasized that new trade policies are driving a turnaround in Cliffs’ core marketclevelandcliffs.com.