Cleveland-Cliffs Inc. CLF

Company Overview

Cleveland-Cliffs Inc. is an integrated steel producer operating primarily in the North American steel and mining industries. The company is focused on producing flat-rolled steel products, with a strategic emphasis on supplying the automotive, infrastructure, manufacturing, and construction markets. Its revenue is driven largely by the sale of steel products, including hot-rolled, cold-rolled, and coated steel, as well as electrical steel, supported by internally sourced iron ore.

Founded in 1847 as an iron ore mining company, Cleveland-Cliffs historically operated as a supplier to steelmakers. The company transformed into a vertically integrated steel producer beginning in 2020 through a series of major acquisitions, most notably AK Steel Holding Corporation and ArcelorMittal USA. This evolution positioned Cleveland-Cliffs as one of the largest flat-rolled steel producers in the United States, with a unique model combining iron ore mining, steelmaking, and downstream finishing capabilities.