CLF

Cleveland-Cliffs Inc. is the largest flat-rolled steel producer in North America, manufacturing steel products for automotive, construction, infrastructure, manufacturing, and distributing markets. The company operates integrated steel mills and finishing facilities producing hot-rolled, cold-rolled, and coated steel products. Cleveland-Cliffs also operates iron ore mines supplying iron ore pellets to its steel mills and external customers. The company was historically an iron ore mining company and transformed through the 2020 acquisitions of AK Steel and ArcelorMittal USA, becoming a vertically integrated steel producer. Headquartered in Cleveland, Ohio, Cleveland-Cliffs serves automotive manufacturers, steel service centers, distributors, and other customers requiring flat-rolled steel products. The company benefits from vertical integration providing cost advantages and supply chain control, domestic manufacturing serving key end markets, and trade protections limiting steel imports. Cleveland-Cliffs faces cyclicality in automotive and construction markets, intense competition, elevated debt levels from acquisitions, raw material and energy cost volatility, and electric vehicle transitions affecting steel demand. The company continues to optimize operations, reduce debt, and serve customer requirements.