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    Cleveland-Cliffs
    iron and steel industry

    Cleveland-Cliffs

    United States flagUnited States
    Founded 1846 Cleveland, Ohio CEO: Lourenco Goncalves
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    About

    Samuel Mather established a mining operation in Cleveland, Ohio, in 1846 that would eventually grow into the largest flat-rolled steel producer in North America. Originally known as Cliffs Natural Resources, the company rebranded in 2019 to reflect its expanded role in steel manufacturing alongside its iron ore operations. This shift marked a strategic move toward vertical integration, controlling the entire lifecycle from mining and beneficiation to pelletizing, steelmaking, stamping, and tooling.

    Headquartered in Cleveland, the firm employs over 25,000 people and ranks as the second-largest steel producer in the United States, trailing only Nucor. Its specialized focus on value-added sheet products serves major automotive manufacturers like Ford, General Motors, and Stellantis. The company maintains a strong presence in the Rust Belt, with significant operational hubs in Michigan, Indiana, and other regions across North America.

    Products & Sub-brands

    flat-rolled steeliron ore pelletssteel coilsautomotive sheet metal

    Frequently Asked Questions

    Who owns Cleveland-Cliffs?
    Cleveland-Cliffs is a publicly traded company listed on the NYSE under the ticker symbol CLF. While no single individual owns the company, institutional investors hold the majority of shares, with leadership provided by CEO Lourenco Goncalves.
    Is Cleveland-Cliffs still in business?
    Yes, Cleveland-Cliffs is actively operating and expanding, currently serving as North America's largest flat-rolled steel producer with over 25,000 employees. Despite occasional safety incidents and market fluctuations, the company remains a dominant force in the global steel industry.
    What is Cleveland-Cliffs vs. Nucor?
    Cleveland-Cliffs is the second-largest steel producer in the U.S., specializing in flat-rolled steel and iron ore pellets, whereas Nucor holds the top spot and focuses heavily on electric arc furnace technology and mini-mills. Both are key suppliers to the automotive industry but utilize different production methods.
    Where is Cleveland-Cliffs headquarters located?
    The corporate headquarters of Cleveland-Cliffs is located in Cleveland, Ohio, which has been the company's base since its founding in 1846. The company also maintains significant operational hubs in Michigan, Indiana, and other locations across North America.
    How much is Cleveland-Cliffs worth?
    As of August 2026, analysts suggest the company may be undervalued by up to 41% based on sales and cash flow, though stock prices fluctuate with market conditions. The company's valuation reflects its status as a Fortune 500 entity with a long history of industrial dominance.

    Keywords

    steel productioniron oreautomotive steelNorth American steelindustrial manufacturingvertical integration

    Sources

    Company Info

    Founded
    1846
    Founder
    Samuel Mather
    CEO
    Lourenco Goncalves
    Headquarters
    Cleveland, Ohio
    Industry
    iron and steel industry
    Employees
    25000
    Stock Ticker
    CLF
    US Rank
    2nd largest steel producer
    NA Flat-Rolled Rank
    1st

    Official Website

    www.clevelandcliffs.com/

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