Craft

Cleveland-Cliffs

Stock Price

$17.8

2024-05-14

Market Capitalization

$8.5 B

2024-05-14

Revenue

$22 B

FY, 2023

Cleveland-Cliffs Summary

Company Summary

Overview
Cleveland-Cliffs (formerly known as Cliffs Natural Resources) is a company operating in the iron ore mining and steel industry. It produces flat-rolled carbon, stainless, electrical, plate, tin, and long steel products as well as carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. The company also offers iron ore pellets, hot-briquetted iron (HBI), and coking coal.
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

  • James D. Graham

    James D. Graham, Executive Vice President, Human Resources, Chief Legal and Administrative Officer & Secretary

  • Clifford T. Smith

    Clifford T. Smith, Executive Vice President and President, Cleveland-Cliffs Steel

  • Keith A. Koci

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

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

56 locations detected

  • Cleveland, OH HQ

    United States

    200 Public Square # 3300

  • Auburn Hills, MI

    United States

    500 Collier Rd

  • Bowling Green, KY

    United States

    210 Jody Richards Dr

  • Burns Harbor, IN

    United States

    250 US-12

  • Butler, PA

    United States

    P.O. Box 1609

  • Canton, OH

    United States

    1514 Maple Ave NE

and 50 others

Cleveland-Cliffs Financials

Summary Financials

Revenue (Q1, 2024)
$5.2B
Gross profit (Q1, 2024)
$285.0M
Net income (Q1, 2024)
($53.0M)
Cash (Q1, 2024)
$30.0M
EBIT (Q1, 2024)
($38.0M)
Enterprise value
$12.1B

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