Local steel producer Cleveland-Cliffs reported its second-quarter 2025 consolidated revenues were $4.9 billion, compared to $4.6 billion in the first quarter of 2025.

The company recorded steel shipments of 4.3 million net tons, with a net loss of $470 million and adjusted net loss of $247 million.

This compares to a first quarter 2025 net loss of $483 million and adjusted net loss of $456 million.