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    Analysis

    October 19, 2026

    Cliffs shifts customers to index-linked, take-or-pay contracts

    Written by Laura Miller

    Cleveland-Cliffs Inc. expects to earn more from the repricing of contract tonnage than it previously projected.

    The Cleveland-based steelmaker raised its estimate for the earnings benefit of the repricing to about $850 million from about $500 million.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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