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![FintwitAi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1340018369496530946.png) Fintwit.ai [@FintwitAi](/creator/twitter/FintwitAi) on x 6583 followers
Created: 2025-07-23 07:00:11 UTC

Earnings summary $CLF (2025-07-21):
Cleveland-Cliffs Inc. Q2 2025 Earnings Call Summary:

*   Adj. EBITDA up $271M QoQ due to higher shipments & lower costs.
*   Footprint optimization initiatives underway.
*   Section XXX tariffs support US steel & auto.
*   Canada faces steel import issues.
*   Urgent need for lower interest rates to boost auto sales.
*   Bright anneal line investment completed.

Financials:
*   ASP up $35/ton QoQ to $1015.
*   Unit costs down $15/ton QoQ.
*   $125M/quarter EBITDA boost expected after Arcelor slab agreement expires.
*   Working capital reduction a cash source.
*   Prioritizing debt reduction.
*   Exploring non-core asset sales (advised by JPMorgan).
*   SG&A and capex reduced by $50M.
*   H2 2025 expected to be much better than H1.
*   Q3 volumes = Q2; costs to fall $20/ton.

Strategy:
*   Vertically integrated model key.
*   Open to foreign investment.

Q&A:
* 2027 next reline.
* Cost reductions pulled forward into Q2
* Auto volumes increasing.
* Expects volumes of 4.3m tons to continue into Q3


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947914623677579557/c:line.svg)

**Related Topics**
[investment](/topic/investment)
[rates](/topic/rates)
[canada](/topic/canada)
[tariffs](/topic/tariffs)
[underway](/topic/underway)
[$271m](/topic/$271m)
[quarterly earnings](/topic/quarterly-earnings)
[$clf](/topic/$clf)

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