# CLEVELAND-CLIFFS INC.

Summary updated: 2026-10-02T15:39:12.598843Z
Canonical: https://finbar.com/research/companies/cleveland-cliffs-inc

## Overview

Cleveland-Cliffs Inc. is a North American integrated steel producer headquartered in Cleveland, Ohio. Its operations span iron-ore mining and pellet production, direct-reduced iron and scrap processing, steelmaking, and downstream finishing and fabrication. The company primarily produces value-added flat-rolled steel, including hot-rolled, cold-rolled, coated, stainless and electrical steel, as well as plate and other steel products, serving markets that include automotive manufacturers and steel distributors. [1](https://app.finbar.com/go?id=P34029501)[2](https://app.finbar.com/go?id=P87134233)[3](https://app.finbar.com/go?id=P20293374)[4](https://app.finbar.com/go?id=P11460823)

Its footprint centers on the United States and Canada, with five owned or co-owned iron-ore mines in Minnesota and Michigan and approximately 25,000 employees. Cleveland-Cliffs reported $18.610 billion in revenue for fiscal 2025. [5](https://app.finbar.com/go?id=P17883590)[6](https://app.finbar.com/go?id=P70170273) The company traces its roots to 1847 and describes its purpose as “Steel for a Sustainable Society”; its modern integrated-steel business was shaped by the 2020 acquisitions of AK Steel and ArcelorMittal USA. [7](https://app.finbar.com/go?id=P88307625)[8](https://www.clevelandcliffs.com/about)[9](https://www.clevelandcliffs.com/_assets/_ba575ae9171f18e2c40b1a83c141b719/clevelandcliffs/db/1188/10369/file/CLF_Overview_03092026.pdf)
[1](https://app.finbar.com/go?id=P34029501)[2](https://app.finbar.com/go?id=P87134233)[3](https://app.finbar.com/go?id=P20293374)[4](https://app.finbar.com/go?id=P11460823)[5](https://app.finbar.com/go?id=P17883590)[6](https://app.finbar.com/go?id=P70170273)[7](https://app.finbar.com/go?id=P88307625)[8](https://www.clevelandcliffs.com/about)[9](https://www.clevelandcliffs.com/_assets/_ba575ae9171f18e2c40b1a83c141b719/clevelandcliffs/db/1188/10369/file/CLF_Overview_03092026.pdf)[8](https://www.clevelandcliffs.com/about)[9](https://www.clevelandcliffs.com/_assets/_ba575ae9171f18e2c40b1a83c141b719/clevelandcliffs/db/1188/10369/file/CLF_Overview_03092026.pdf)

## Products & services

Cleveland-Cliffs’ products include advanced high-strength and other automotive steels; hot-rolled and cold-rolled coil; galvanized, aluminized, Galvalume, electrogalvanized and galvanneal steels; plate; grain-oriented and non-oriented electrical steels; and stainless steel. Its related manufactured products include slabs, tool-and-die products, stamped components and assemblies. [10](https://app.finbar.com/go?id=P77588142)[11](https://app.finbar.com/go?id=P99131465)

Technical offerings include Dual Phase cold-rolled and electrogalvanized steel grades with tensile strengths ranging from 590 to 1,180 MPa, and hot-dip galvanized products with coating designations including G30–G235. Its MOTOR-MAX® non-oriented electrical steels are designed for motors and generators; listed grades include 25HF1550, 25HF1300, 27HF1500 and 30HF1600, in nominal thicknesses from 0.25 to 0.30 mm. [12](https://www.clevelandcliffs.com/_assets/_55a7d2f67e390c4d9d2f2206607f163b/clevelandcliffs/db/1190/10474/file/CLF_ProductData_CR-EG-DualPhase_082023.pdf)[13](https://www.clevelandcliffs.com/_assets/_c7d9d552b544a2a36f31808074ad8c21/clevelandcliffs/db/1190/10478/file/CLF_ProductData_HotDipGalvanized_92024.pdf)[14](https://www.clevelandcliffs.com/_assets/_b2af3f5c34bf03cb17379a855f1693d3/clevelandcliffs/db/1190/11278/file/CLF_ProductData_MOTOR-MAX_052024.pdf)

Product-related services include customer technical support and collaborative automotive product development, as well as tooling design and build, stamping, and production of carbon and stainless tubing and complex assemblies. [15](https://app.finbar.com/go?id=P29808293)[11](https://app.finbar.com/go?id=P99131465)
[10](https://app.finbar.com/go?id=P77588142)[11](https://app.finbar.com/go?id=P99131465)[15](https://app.finbar.com/go?id=P29808293)[12](https://www.clevelandcliffs.com/_assets/_55a7d2f67e390c4d9d2f2206607f163b/clevelandcliffs/db/1190/10474/file/CLF_ProductData_CR-EG-DualPhase_082023.pdf)[13](https://www.clevelandcliffs.com/_assets/_c7d9d552b544a2a36f31808074ad8c21/clevelandcliffs/db/1190/10478/file/CLF_ProductData_HotDipGalvanized_92024.pdf)[14](https://www.clevelandcliffs.com/_assets/_b2af3f5c34bf03cb17379a855f1693d3/clevelandcliffs/db/1190/11278/file/CLF_ProductData_MOTOR-MAX_052024.pdf)[12](https://www.clevelandcliffs.com/_assets/_55a7d2f67e390c4d9d2f2206607f163b/clevelandcliffs/db/1190/10474/file/CLF_ProductData_CR-EG-DualPhase_082023.pdf)[13](https://www.clevelandcliffs.com/_assets/_c7d9d552b544a2a36f31808074ad8c21/clevelandcliffs/db/1190/10478/file/CLF_ProductData_HotDipGalvanized_92024.pdf)[14](https://www.clevelandcliffs.com/_assets/_b2af3f5c34bf03cb17379a855f1693d3/clevelandcliffs/db/1190/11278/file/CLF_ProductData_MOTOR-MAX_052024.pdf)

## Geographic presence

Cleveland-Cliffs’ operating footprint is concentrated in the United States and Canada. Its steelmaking and finishing sites are located in Indiana (Burns Harbor, Gary, Indiana Harbor, Rockport and New Carlisle), Ohio (Cleveland, Columbus, Coshocton, Mansfield, Middletown and Zanesville), Pennsylvania (Butler and Coatesville), Michigan (Dearborn), Ontario (Hamilton and Lake Erie), and North Carolina (Piedmont). The company also operates or co-owns iron-ore mines in Minnesota and Michigan, a hot-briquetted-iron plant in Toledo, Ohio, coke facilities across the U.S. Midwest and Pennsylvania and in Ontario, a coal complex in West Virginia, and scrap facilities in several U.S. states and Ontario. Dearborn’s blast furnace, basic oxygen furnace shop and continuous casting facilities were idled during 2025. [16](https://app.finbar.com/go?id=P3855719)[17](https://app.finbar.com/go?id=T12827666)[5](https://app.finbar.com/go?id=P17883590)[18](https://app.finbar.com/go?id=P29584234)[19](https://app.finbar.com/go?id=T786670)

The principal executive office is in Cleveland, Ohio; the company also leases offices in West Chester, Ohio, and Detroit, Michigan, and has owned office and research facilities in Burns Harbor, Indiana, and Middletown, Ohio. [20](https://app.finbar.com/go?id=T3707677)[21](https://app.finbar.com/go?id=P118289659) Cleveland-Cliffs reports a workforce of approximately 25,000 in the U.S. and Canada, without a country-level headcount breakdown. [22](https://www.clevelandcliffs.com/investors) Its FY2025 filing does not provide revenue by country or region; reported steelmaking revenue categories are based on customer end markets rather than sales destinations. [23](https://app.finbar.com/go?id=T9758737)
[16](https://app.finbar.com/go?id=P3855719)[17](https://app.finbar.com/go?id=T12827666)[5](https://app.finbar.com/go?id=P17883590)[18](https://app.finbar.com/go?id=P29584234)[19](https://app.finbar.com/go?id=T786670)[20](https://app.finbar.com/go?id=T3707677)[21](https://app.finbar.com/go?id=P118289659)[23](https://app.finbar.com/go?id=T9758737)[22](https://www.clevelandcliffs.com/investors)

## Business segments

Cleveland-Cliffs reports one reportable segment, Steelmaking, and identifies Tubular, Tooling and Stamping, and European Operations as operating segments grouped together as “Other Businesses” for segment reporting. The latest available filing, for the second quarter of 2026, retains this structure. [24](https://app.finbar.com/go?id=P142653664)

For FY2025, Steelmaking generated $18.063 billion, approximately 97.1% of consolidated revenue of $18.610 billion. It covers vertically integrated steel production, with a focus on value-added sheet products for automotive, infrastructure and manufacturing, and distributors and converters. [11](https://app.finbar.com/go?id=P99131465)[25](https://app.finbar.com/go?id=T20707) Other Businesses reported $657 million, approximately 3.5% of consolidated revenue before $110 million of intersegment eliminations. Its activities include tubing products; tooling and advanced-engineered solutions, including stamped components and automotive assemblies; and European metal distribution. The company does not separately disclose FY2025 revenue for those three operating segments in the cited segment table. [11](https://app.finbar.com/go?id=P99131465)[26](https://app.finbar.com/go?id=P61491736)[27](https://app.finbar.com/go?id=P60690374)[25](https://app.finbar.com/go?id=T20707)
[24](https://app.finbar.com/go?id=P142653664)[11](https://app.finbar.com/go?id=P99131465)[25](https://app.finbar.com/go?id=T20707)[26](https://app.finbar.com/go?id=P61491736)[27](https://app.finbar.com/go?id=P60690374)[25](https://app.finbar.com/go?id=T20707)[25](https://app.finbar.com/go?id=T20707)

## Company history

Founded in 1847 around an iron-ore claim in Michigan’s Upper Peninsula, Cleveland-Cliffs opened its first mine in 1850. In 1891, the Cleveland Iron Mining Company and Iron Cliffs Company merged to form Cleveland-Cliffs Iron Mining Company; in 1985, Cleveland-Cliffs Inc. was established as the parent company [28](https://www.clevelandcliffs.com/investors/company-information/faq)[29](https://nmu.lyrasistechnology.org/repositories/3/resources/286)[30](https://case.edu/ech/articles/c/cleveland-cliffs-inc). In 2007, the company acquired PinnOak Resources, expanding into metallurgical coal. It changed its name to Cliffs Natural Resources in 2008 and restored the Cleveland-Cliffs name in 2017 [31](https://www.clevelandcliffs.com/news/news-releases/detail/175/cleveland-cliffs-announces-close-of-pinnoak-resources)[32](https://www.clevelandcliffs.com/news/news-releases/detail/521/cleveland-cliffs-inc-is-now-cliffs-natural-resources-inc)[33](https://www.clevelandcliffs.com/news/news-releases/detail/109/cliffs-natural-resources-renames-itself-cleveland-cliffs).

Lourenco Goncalves became chairman, president and CEO in August 2014 [34](https://www.clevelandcliffs.com/investors/sec-filings/all-sec-filings/content/0000764065-14-000165/a20140807-8xkaxappointment.htm). A major shift followed in 2020, when Cleveland-Cliffs acquired AK Steel and ArcelorMittal USA, integrating its iron-ore business with steelmaking and becoming a major flat-rolled steel producer [35](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/35/cleveland-cliffs-completes-acquisition-of-ak-steel)[36](https://www.clevelandcliffs.com/news/news-releases/detail/8/cleveland-cliffs-inc-completes-acquisition-of)[37](https://www.clevelandcliffs.com/investors/sec-filings/annual-reports/xbrl_doc_only/4141). In 2024, it completed its acquisition of Canadian steelmaker Stelco [38](https://www.clevelandcliffs.com/news/news-releases/detail/661/cleveland-cliffs-completes-acquisition-of-stelco).
[28](https://www.clevelandcliffs.com/investors/company-information/faq)[29](https://nmu.lyrasistechnology.org/repositories/3/resources/286)[30](https://case.edu/ech/articles/c/cleveland-cliffs-inc)[31](https://www.clevelandcliffs.com/news/news-releases/detail/175/cleveland-cliffs-announces-close-of-pinnoak-resources)[32](https://www.clevelandcliffs.com/news/news-releases/detail/521/cleveland-cliffs-inc-is-now-cliffs-natural-resources-inc)[33](https://www.clevelandcliffs.com/news/news-releases/detail/109/cliffs-natural-resources-renames-itself-cleveland-cliffs)[39](https://www.clevelandcliffs.com/investors/sec-filings/all-sec-filings/content/0000764065-14-000165/a20140807-8kaxappointment.htm)[35](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/35/cleveland-cliffs-completes-acquisition-of-ak-steel)[36](https://www.clevelandcliffs.com/news/news-releases/detail/8/cleveland-cliffs-inc-completes-acquisition-of)[37](https://www.clevelandcliffs.com/investors/sec-filings/annual-reports/xbrl_doc_only/4141)[38](https://www.clevelandcliffs.com/news/news-releases/detail/661/cleveland-cliffs-completes-acquisition-of-stelco)

## Sources

1. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34029501)
2. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87134233)
3. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20293374)
4. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11460823)
5. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P17883590)
6. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70170273)
7. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P88307625)
8. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/about)
9. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/_assets/_ba575ae9171f18e2c40b1a83c141b719/clevelandcliffs/db/1188/10369/file/CLF_Overview_03092026.pdf)
10. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77588142)
11. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99131465)
12. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/_assets/_55a7d2f67e390c4d9d2f2206607f163b/clevelandcliffs/db/1190/10474/file/CLF_ProductData_CR-EG-DualPhase_082023.pdf)
13. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/_assets/_c7d9d552b544a2a36f31808074ad8c21/clevelandcliffs/db/1190/10478/file/CLF_ProductData_HotDipGalvanized_92024.pdf)
14. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/_assets/_b2af3f5c34bf03cb17379a855f1693d3/clevelandcliffs/db/1190/11278/file/CLF_ProductData_MOTOR-MAX_052024.pdf)
15. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P29808293)
16. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3855719)
17. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T12827666)
18. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P29584234)
19. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T786670)
20. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3707677)
21. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P118289659)
22. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors)
23. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T9758737)
24. [CLEVELAND-CLIFFS INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142653664)
25. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T20707)
26. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P61491736)
27. [CLEVELAND-CLIFFS INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P60690374)
28. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors/company-information/faq)
29. [nmu.lyrasistechnology.org](https://nmu.lyrasistechnology.org/repositories/3/resources/286)
30. [case.edu](https://case.edu/ech/articles/c/cleveland-cliffs-inc)
31. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/175/cleveland-cliffs-announces-close-of-pinnoak-resources)
32. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/521/cleveland-cliffs-inc-is-now-cliffs-natural-resources-inc)
33. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/109/cliffs-natural-resources-renames-itself-cleveland-cliffs)
34. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors/sec-filings/all-sec-filings/content/0000764065-14-000165/a20140807-8xkaxappointment.htm)
35. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/35/cleveland-cliffs-completes-acquisition-of-ak-steel)
36. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/8/cleveland-cliffs-inc-completes-acquisition-of)
37. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors/sec-filings/annual-reports/xbrl_doc_only/4141)
38. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/661/cleveland-cliffs-completes-acquisition-of-stelco)
39. [www.clevelandcliffs.com](https://www.clevelandcliffs.com/investors/sec-filings/all-sec-filings/content/0000764065-14-000165/a20140807-8kaxappointment.htm)

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