Cleveland-Cliffs Inc - Company Profile
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Cleveland-Cliffs Inc (Cliffs) is a flat-rolled steel manufacturing company. It also produces iron ore pellets for steel making clients. The company’s vertically integrated operations include iron ore mining, iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. Its major product portfolio includes flat-rolled carbon steel, plate, stainless steel, tinplate, and long steel products. It also produces direct reduced iron (DRI)-grade pellets. The company’s operations include Tilden, Hibbing, United Taconite and Northshore iron ore mines in Minnesota and Michigan in the US. The company operates in the US and Canada. Cliffs is headquartered in Cleveland, Ohio, the US.
Headquarters
United States of America
Address
Suite 3300, 200 Public Square, Cleveland, Ohio, 44114
Website
www.clevelandcliffs.com
Telephone
1 216 6945700
No of Employees
28,000
Industry
Metals and Mining
Ticker Symbol & Exchange
CLF (NYSE)
Revenue (2022)
$22.0B
-4.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-70.1%
(2022 vs 2021)
Market Cap*
$10.1B
Net Profit Margin (2022)
XYZ
-68.9%
(2022 vs 2021)
* As of and is in US$
Cleveland-Cliffs Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Steel: |
| Long Steel Products |
| Iron Ore Pellets |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with the United Steelworkers (USW) on a new 3-year labor agreement. |
| 2023 | Others | In August, the company's buyout proposal was rejected by United States Steel Corp. |
| 2023 | Others | In May, the company completed a hydrogen injection trial at its Middletown Works blast furnace. |
Competitor Comparison
| Key Parameters | Cleveland-Cliffs Inc | Rio Tinto | Vale SA | Nucor Corp | United States Steel Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United Kingdom | Brazil | United States of America | United States of America |
| City | Cleveland | London | Rio De Janeiro | Charlotte | Pittsburgh |
| State/Province | Ohio | England | - | North Carolina | Pennsylvania |
| No. of Employees | 28,000 | 57,000 | 66,807 | 32,000 | 21,803 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lourenco Goncalves | President; Chairman; Chief Executive Officer | Executive Board | 2014 | 65 |
| Celso L. Goncalves | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 35 |
| Kimberly A. Floriani | Senior Vice President; Chief Accounting Officer; Controller | Senior Management | 2021 | 41 |
| Keith A. Koci | President - Cleveland-Cliffs Services; Executive Vice President | Senior Management | 2021 | 59 |
| Clifford T. Smith | Executive Vice President - Cleveland-Cliffs Steel; President - Cleveland-Cliffs Steel | Senior Management | 2021 | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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