CLEVELAND, OH— Cleveland Cliffs, Incorporated reported another record-breaking quarter on Friday.
Consolidated revenues for the third-quarter period ending September 30th were $6 billion. Last year’s third-quarter revenues were $1.6 billion. CCI recorded net income of $1.3 billion—a leap in revenue compared to 2020’s third-quarter net income of $2 million.
For the first nine months of 2021, Cleveland Cliffs recorded revenues of $15.1 billion and net income of $2.1 billion. That’s compared to the first nine months of 2020, when CCI recorded revenues of $3.1 billion and a net loss of $155 million.
