Craft

Cleveland-Cliffs

Stock Price

$13.7

2024-10-29

Market Capitalization

$6.4 B

2024-10-29

Revenue

$22 B

FY, 2023

Cleveland-Cliffs Summary

Company Summary

Overview
Cleveland-Cliffs (CLF, formerly known as Cliffs Natural Resources) is a company that operates in the iron ore mining and steel industry. The company operates through four main segments: Steelmaking, Tubular, Tooling and Stamping, and European Operations. The Steelmaking segment is based on iron ore extraction, steelmaking, rolling, coating, finishing, stamping, and tooling steel products. The Tubular segment specializes in carbon and stainless tubes. The Tooling and Stamping segment provides tool design and build, hot- and cold-stamped steel components, and complex assemblies for the automotive industry. The European Operating segment consists of a metal distribution company that buys and sells steel, steel products, and other materials.
Type
Public
Status
Active
Founded
1847
HQ
Cleveland, OH, US | view all locations
Website
https://www.clevelandcliffs.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Lourenco Goncalves

    Lourenco Goncalves, Chairman, President, and Chief Executive Officer

  • Clifford T. Smith

    Clifford T. Smith, Executive Vice President, Chief Operating Officer

  • Keith A. Koci

    Keith A. Koci, Executive Vice President & President, Cleveland-Cliffs Services

  • Celso Goncalves

    Celso Goncalves, Executive Vice President & Chief Financial Officer

    Operating MetricsView all

    Iron Ore Probable Reserves, long tons

    1.6B

    FY, 2020

    Annual Pellet Production Capacity, long tons

    28M
    2.2%

    FY, 2020

    Iron Ore Pellets Produced, long tons

    17M
    33.9%

    FY, 2020

    LocationsView all

    58 locations detected

    • Cleveland, OH HQ

      United States

      200 Public Square, Suite 3300

    • Auburn Hills, MI

      United States

      500 Collier Rd.

    • Bowling Green, KY

      United States

      210 Jody Richards Drive

    • Burns Harbor, IN

      United States

      250 W. U.S. Highway 12

    • Canton, OH

      United States

      1514 Maple Ave N.E.

    • Chester, OH

      United States

      9227 Centre Pointe Drive

    and 52 others

    Cleveland-Cliffs Financials

    Summary Financials

    Revenue (Q3, 2024)
    $4.6B
    Gross profit (Q3, 2024)
    ($104.0M)
    Net income (Q3, 2024)
    ($230.0M)
    Cash (Q3, 2024)
    $39.0M
    EBIT (Q3, 2024)
    ($259.0M)
    Enterprise value
    $10.2B

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