Cleveland-Cliffs Inc. reported second-quarter 2025 results, showing narrowing losses and record steel shipments. The steelmaker posted an adjusted loss of 50 cents per share, beating analyst expectations, with revenue totaling $4.93 billion. Adjusted EBITDA turned positive at $97 million, improving from a loss of $174 million in the prior quarter. Steel shipments hit a record 4.3 million net tons, with average selling prices falling year-over-year. The company’s operational streamlining initiatives are delivering cost reductions, leading to positive impacts on costs and revenues. Cleveland-Cliffs’ CEO credited Trump tariffs for the Q2 steel rebound.

Read more at Yahoo Finance: Cleveland-Cliffs CEO Credits Trump Tariffs For Q2 Steel Rebound