Cleveland-Cliffs is transforming from a struggling steelmaker to a focused, cost-cutting auto steel leader, with major operational improvements underway. Aggressive cost reductions, facility closures, and a renewed focus on automotive steel position Cliffs for a sharp EBITDA rebound as tariffs boost domestic demand. The expiration of a loss-making slab contract and rising steel prices are set to drive free cash flow, and margin recovery in late 2025 and 2026.
Markets are always looking ahead. So, it was no surprise that steel stocks charged higher in 2021 and 2022 as Congress passed the Infrastructure Investment and Jobs Act (IIJA) in 2021.
CLF unveils a $150M stainless steel anneal line at Coshocton Works, boosting quality with hydrogen tech.
![]() CVA 2 Apr 2020 | Other | €0.06 Per Share |
![]() CVA 2 Jan 2020 | Other | €0.06 Per Share |
![]() CVA 3 Oct 2019 | Other | €0.04 Per Share |
![]() CVA 3 Jul 2019 | Other | €0.06 Per Share |
![]() CVA 4 Apr 2019 | Other | €0.05 Per Share |
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![]() CVA 2 Apr 2020 | Other | €0.06 Per Share |
![]() CVA 2 Jan 2020 | Other | €0.06 Per Share |
![]() CVA 3 Oct 2019 | Other | €0.04 Per Share |
![]() CVA 3 Jul 2019 | Other | €0.06 Per Share |
![]() CVA 4 Apr 2019 | Other | €0.05 Per Share |
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Steel Industry | Basic Materials Sector | Mr. C. Lourenco Goncalves CEO | XFRA Exchange | US1858991011 ISIN |
US Country | 30,000 Employees | 15 Apr 2020 Last Dividend | 16 May 2008 Last Split | 5 Nov 1987 IPO Date |
Cleveland-Cliffs Inc., headquartered in Cleveland, Ohio, is a leading flat-rolled steel producer in North America. The company has undergone significant changes in its long history since its founding in 1847, notably changing its name from Cliffs Natural Resources Inc. to Cleveland-Cliffs Inc. in August 2017. Operating with a wide range of steel and related products, Cleveland-Cliffs Inc. plays a crucial role in various industries such as automotive, infrastructure and manufacturing, and more. It owns five iron ore mines in Minnesota and Michigan, which reinforces its supply chain for steel production. The commitment to innovation and quality has made Cleveland-Cliffs Inc. a key player in the steel manufacturing sector.
Cleveland-Cliffs Inc. offers an extensive array of products and services across the steel production and processing spectrum. Each product category caters to specific industry needs, encompassing construction, automotive, manufacturing, and energy sectors among others.
In addition, Cleveland-Cliffs Inc. maintains a robust supply of raw materials through ownership of iron ore mines, ensuring a reliable source of slab, scrap, iron ore, coal, and coke. These operations underpin the company's integrated approach to steel production, from raw material extraction to finished product delivery.