Episode Details

Cleveland-Cliffs posted a rare EBITDA loss this quarter, but management insists the red ink was the necessary cost of exiting a "value-destructive" supply deal that anchored 2025 results.

In ~10 minutes:

* Q4 Revenue fell to $4.31B with an adjusted EBITDA loss of $(21)M.

* Why CEO Goncalves called the expiring slab contract a "disaster." 📉

* The "Melted and Poured" regulatory moat squeezing competitors.

* Aggressive comments on "fire events" with aluminum auto parts.

CEO Lourenco Goncalves came out swinging, wishing competitors "good luck" trying to survive without Cliffs' domestic slabs. We break down the $500M efficiency claim and the aggressive pivot toward taking automotive market share from aluminum.

Company: Cleveland-Cliffs, Inc. (CLF) | Q4 FY2025

AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.