NYSE:CLFMetals and Mining
Cleveland-Cliffs (CLF) Is Up 11.2% After Narrowing Q2 Losses And Pausing Buybacks - What's Changed
In the second quarter of 2026, Cleveland-Cliffs Inc. reported sales of US$5,226 million and a net loss of US$145 million, both improved from a year earlier, while executing no additional share repurchases under its April 2024 buyback program.
The results show sales growth alongside a smaller loss per share, indicating that cost and operational measures are narrowing the company’s losses even as it pauses incremental buybacks.
With quarterly losses narrowing and sales higher, we’ll now...