Cleveland-Cliffs Inc. (CVA)
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Cleveland-Cliffs Inc. Profile
| Metals & Mining Industry | Materials Sector | C. Lourenco Goncalves CEO | XMUN Exchange | US1858991011 ISIN |
| US Country | 25,000 Employees | 15 Apr 2020 Last Dividend | 16 May 2008 Last Split | 5 Nov 1987 IPO Date |
Overview
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.
Products and Services
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.
- Flat-Rolled Steel Products: Including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products. These products are foundational in the construction of automobiles, appliances, and various types of machinery.
- Stainless Steel Products: Offering austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products that are critical in environments where corrosion resistance and durability are necessary.
- Plate Products and Electrical Steel: Plates for heavy-duty applications and grain-oriented as well as non-oriented electrical steel products for use in motors and transformers, supporting the energy sector.
- Tubular Components: Comprising carbon steel, stainless steel, and electric resistance welded tubing used in construction and manufacturing applications.
- Tinplate Products: Including electrolytic tin coated and chrome coated sheet, as well as tin mill products, essential for packaging industries.
- Tooling, Sampling, and Ingots: Offering services and products like tooling and sampling, ingots, rolled blooms, and cast blooms that cater to specialized manufacturing needs.
- Hot-Briquetted Iron Products: Providing an essential feedstock for electric arc steel furnaces, reaffirming Cleveland-Cliffs' commitment to supplying raw materials for steel production.
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.
