Company
Cleveland-Cliffs Inc.
Headquarters: Cleveland, OH, United States
Founded: 1847
Employees: 25,500
CEO: Mr. C. Lourenco Goncalves
Market Cap
$7.44 Billion
USD as of July 1, 2024
Cleveland-Cliffs Inc. Categories
United States Basic Materials SteelUnited States Basic Materials United States Steel
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Industry: Steel
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Detailed Description
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
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Stocks & Indices
Cleveland-Cliffs Inc. has the following listings and related stock indices.
Stock: NYSE: CLF wb_incandescent
Stock: BMV: CLF wb_incandescent
Stock: FSX: CVA wb_incandescent
Product & Services
Iron ore PelletsHBIFlat rolled steelStainless steel
Key People
Founder(s): Samuel Mather and associates
C. Lourenco Goncalves, Chairman, CEO & President Keith A. Koci, CFO Clifford T. Smith, COO
Financials
Revenue: $20.4 billion (2021)
Net income: -$122 million (2020)
Total assets: $16.771 billion (2020)
Total equity: $2.351 billion (2020)