Cleveland-Cliffs (CLFS) Plunge 14% Amid Q4 Revenue Drop

Cleveland-Cliffs (CLFS) shares fell 14% inursday, February 12, 2026, following a Q4 revenue decline to $297 million, down 31% from $427 million in the same period last year. The company attributed the drop to softer iron ore prices and reduced steel mill demand. The stock closed at $28.45, marking its largest one-day percentage decline since the start of 2026. Management cited ongoing weakness in global steel demand and pricing as key factors contributing to the earnings miss.