• Cleveland-Cliffs’ third-quarter 2026 adjusted EBITDA more than doubled from the prior quarter to $612 million.
• Revenues reached $5.6 billion, the highest level in three years.
• Average selling price rose quarter-over-quarter to $1,177 per net ton, while unit costs declined.
• The company targets leverage of 2.5 times by Q2 2027 and plans to devote all cash flow to debt repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cleveland-Cliffs Inc. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.