Cleveland-Cliffs Inc.CLF
What Cleveland-Cliffs Inc. does.
We are a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. We are vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling and tubing. Headquartered in Cleveland, Ohio, we employ approximately 25,000 people across our operations in the United States and Canada.
As a leading North America-based steel producer, we benefit from having the size and scale necessary in a competitive, capital intensive business. We have a unique vertically integrated profile from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. This positioning gives us more predictable costs throughout our supply chain and more control over both our manufacturing inputs and our end-product destination.
Our primary competitive strength lies within our automotive steel business. We are a leading supplier of automotive-grade steel in the U.S. Compared to other steel end markets, automotive steel is generally higher quality, more operationally and technologically intensive to produce, and requires significantly more devotion to customer service than other steel end markets. This dedication to service and the infrastructure in place to meet our automotive customers’ demanding needs took decades to develop. We have continued to invest capital and resources to meet the requirements needed to serve the automotive industry. We continue to be an established and reliable supplier of automotive-grade steel and intend to bolster our position as an industry leader going forward.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.4B | $20.4B | $23.0B | $22.0B | $19.2B | $18.6B |
| Net income | -$122.0M | $3.0B | $1.3B | $385.0M | -$760.0M | -$1.5B |
| Free cash flow | -$783.0M | $2.1B | $1.5B | $1.6B | -$590.0M | -$1.0B |
More on CLF.
- Cleveland-Cliffs Inc. summary
- Cleveland-Cliffs Inc. financial statements
- Cleveland-Cliffs Inc. key metrics
- Cleveland-Cliffs Inc. health scores and style box
- Cleveland-Cliffs Inc. earnings
- Cleveland-Cliffs Inc. dividends
- Cleveland-Cliffs Inc. valuation
- Cleveland-Cliffs Inc. ownership and insiders
- Cleveland-Cliffs Inc. peers
Figures from Cleveland-Cliffs Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.