The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

CLF

Concerning the House

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

United States · www.clevelandcliffs.com

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$18.61B+13.8%
Gross profit$467.60M+0.1%
Operating income-$1.58B+23.8%
Net income-$1.48B+5.3%
Cash from ops$2.27B+14.7%
Quotation

$12.15

-0.10 (-0.8%)

52w hi$16.18
52w lo$7.82
Vol6.66M
As ofAug 13
The Verdict

Hold

Our score -0.37

Short-0.06
Medium-0.46
Long-0.79

computed 2026-08-13

By the Numbers

Cleveland-Cliffs Inc.

Basic Materials · Steel

Market cap$6.93B
Enterprise value$14.86B
Trailing P/E
Forward P/E23.78x
EV / EBITDA28.85x
P / S (ttm)0.36x
Profit margin-4.6%
Return on equity-13.9%
Revenue growth+5.9%
Earnings growth
Debt / equity132.74
Risk Metrics
Beta vs SPX1.99
Corr SPX0.45
Annual vol71.3%
Annual ret+20.5%
Sharpe0.29
Max DD-58.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.06
Sector+0.03
Technical-0.06
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$12.18$12.32$12.09$12.156.66M
Aug 12$12.55$12.55$12.02$12.2513.27M
Aug 11$12.59$12.84$12.29$12.4111.00M
Aug 10$12.26$12.77$12.25$12.4914.53M
Aug 7$12.37$12.37$11.98$12.2612.65M