Cleveland-Cliffs Inc.
Price History
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About Cleveland-Cliffs Inc.
Overview
Cleveland-Cliffs Inc. is the largest flat-rolled steel producer in North America and the largest iron ore pellet producer in the United States. Following transformational acquisitions of ArcelorMittal USA, AK Steel, and the steelmaking assets of ArcelorMittal Cleveland, the company is now vertically integrated from iron ore mining through steel production and manufacturing. Cleveland-Cliffs is focused on supplying the automotive, infrastructure, and manufacturing sectors.
Operations
Cleveland-Cliffs operates iron ore mines in Michigan and Minnesota producing approximately 20-25 million long tons of iron ore pellets annually from operations including Northshore, United Taconite, Minorca, and Tilden mines. The company also operates multiple steel production facilities across the US including blast furnaces, electric arc furnaces, and rolling mills producing hot-rolled, cold-rolled, and coated steel products.
Strategy
The company's strategy emphasizes vertical integration from mine to finished steel products, optimizing the integrated supply chain to reduce costs and improve margins, serving key end markets particularly automotive with long-term contracts, investing in facility upgrades and technology, pursuing decarbonization initiatives including direct reduced iron, and maintaining strong relationships with domestic customers and labor unions.
Key Projects
Major projects include construction of the HBI (hot briquetted iron) direct reduction facility in Toledo, Ohio using natural gas to produce low-carbon iron units, modernization and upgrades at various steel facilities, evaluation of additional iron ore projects, potential expansion of pellet capacity, and investment in emissions reduction technologies. Cleveland-Cliffs is positioning to serve the domestic steel market with reduced carbon intensity.
Primary Commodities
Financial Metrics
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Press Releases
Why Cleveland-Cliffs (CLF) Outpaced the Stock Market Today
Cleveland-Cliffs (CLF) closed at $8.02 in the latest trading session, marking a +2.49% move from the prior day.
Why Cleveland-Cliffs (CLF) Dipped More Than Broader Market Today
In the latest trading session, Cleveland-Cliffs (CLF) closed at $7.82, marking a -4.4% move from the previous day.
Investors Heavily Search Cleveland-Cliffs Inc. (CLF): Here is What You Need to Know
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Steel Dynamics Stock Falls on Disappointing Update Ahead of Earnings
The company expects per-share earnings of $2.73 to $2.77 for the quarter, below analysts’ consensus estimates of $3.24.
A Look At Cleveland Cliffs (CLF) Valuation After Recent Share Price Weakness
Recent share performance context Cleveland-Cliffs (CLF) has drawn attention after a series of weak returns, with the stock down over the past month, the past 3 months and year to date, prompting investors to reassess the steel producer’s profile. See our latest analysis for Cleveland-Cliffs. With the share price at US$8.46 and a 30 day share price return showing an 18.5% decline alongside a 1 year total shareholder return of a 16.65% loss, recent momentum has clearly been fading and sentiment...
Is Cleveland Cliffs (CLF) A Potential Opportunity After The Recent Share Price Slump
If you are wondering whether Cleveland-Cliffs at US$8.46 is a bargain or a value trap, you are not alone. This article is built to help you frame that question clearly. The stock has seen sharp moves recently, with returns of a 13.9% decline over 7 days, an 18.5% decline over 30 days, a 37.8% decline year to date, and an 18.6% decline over the past year, alongside a 51.3% decline over 3 years and a 49.1% decline over 5 years. Recent coverage around Cleveland-Cliffs has focused on its...
Here's Why Cleveland-Cliffs (CLF) Fell More Than Broader Market
Cleveland-Cliffs (CLF) closed at $8.46 in the latest trading session, marking a -5.16% move from the prior day.
Cleveland-Cliffs (CLF) Declines More Than Market: Some Information for Investors
In the most recent trading session, Cleveland-Cliffs (CLF) closed at $8.92, indicating a -3.88% shift from the previous trading day.
Why Is Cleveland-Cliffs (CLF) Down 22.3% Since Last Earnings Report?
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
An Investor Just Bought $6 Million of This Stock That's Up 272% in a Year. Here's Whether It Still Has Room to Run
This communications infrastructure firm serves global network operators and enterprises with integrated hardware and software solutions.
Quick Facts
- Ticker Symbol
- CLF
- Market Cap
- Large Cap
- Category
- Iron Ore
- Commodities
- Iron Ore, Steel
- Headquarters
- Cleveland, Ohio, USA
- Founded
- 1847
- Employees
- ~25,000
Operating Countries
Producing Assets
- •Northshore Mine (USA)
- •United Taconite (USA)
- •Minorca Mine (USA)
- •Tilden Mine (USA)
- •Multiple steel facilities (USA)
Development Assets
- •HBI Facility Toledo (USA)
- •Various modernization projects
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.