Cleveland-Cliffs Inc.
name
Cleveland-Cliffs Inc.
id
CLF
summary
Cleveland-Cliffs Inc. (CCI, formerly Cliffs Natural Resources) is an American steel manufacturer based in Cleveland, Ohio. They specialize in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company was the world's 25th-largest steel producer and the third-largest in the United States in 2022. It is the largest flat-rolled steel producer in North America. Founded in 1847 as Cleveland Iron Company, it has grown through various technological and strategic developments, including the acquisition of AK Steel Holding and the United States operations of ArcelorMittal, making it the largest producer of flat-rolled steel and iron ore pellets in North America.
industry
Steel
founded
1847
founder
Samuel Mather and associates
headquarters
Cleveland, Ohio, United States
key_people
C. Lourenco Goncalves, Chairman, CEO & President; Keith A. Koci, CFO; Clifford T. Smith, COO
products
Steel, Iron ore pellets, Direct reduced iron, Stainless steel
revenue
$22.0 billion (2023)
operating_income
$1,939,000,000 (2022)
net_income
$450 million (2023)
total_assets
$17.537 billion (2023)
total_equity
$8.122 billion (2023)
number_of_employees
27,000 (2023)
subsidiaries
AK Steel Holding, Lake Superior and Ishpeming Railroad
website
www.clevelandcliffs.com