About Cleveland-Cliffs
Cleveland-Cliffs is a company based in Cleveland (United States) founded in 1847.. The company has 30,000 employees as of December 31, 2024. Cleveland-Cliffs has completed 5 acquisitions, including AK Steel, ArcelorMittal USA and Ferrous Processing & Trading. Cleveland-Cliffs offers products and services including Steel Products and Sustainability Services.
- Headquarter Cleveland, United States
- Employees 30000 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cleveland-Cliffs Inc.
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Annual Revenue
$19.18 B-12.78as on Dec 31, 2024
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Net Profit
$-754 M-288.97as on Dec 31, 2024
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EBITDA
$642 M-65.63as on Dec 31, 2024
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Latest Funding Round
$1.8 M (USD), Post-IPO
Dec 05, 2025
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Investors
FEMA
& 1 more
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Employee Count
30000
as on Dec 31, 2024
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Investments & Acquisitions
AK Steel
& 4 more
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IPO & Listings of Cleveland-Cliffs
Cleveland-Cliffs is a publicly listed company on the NYSE with ticker symbol CLF in USA, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cleveland-Cliffs
Cleveland-Cliffs offers a comprehensive portfolio of products and services, including Steel Products and Sustainability Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Steel products are produced for high-end automotive and appliance applications, including through new annealing lines that utilize hydrogen processing.
Sustainability reports and practices are managed, focusing on environmental and social governance priorities as outlined in annual reporting.
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Operations Team
49 people
Software Development Team
46 people
Human Resources and Administration
32 people
Leadership Team
23 people
Senior Team
23 people
Finance and Accounting
22 people
Section Team
12 people
Sales and Marketing
7 people
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Funding Insights of Cleveland-Cliffs
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $1.8M
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First Round
First Round
(01 Feb 2003)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Post-IPO - Cleveland-Cliffs | Valuation |
investors |
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| Feb, 2025 | Amount | Debt – Conventional - Cleveland-Cliffs | Valuation |
investors |
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| Jan, 2010 | Amount | Grant - Cleveland-Cliffs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cleveland-Cliffs
Cleveland-Cliffs has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include FEMA and OSTI.GOV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Federal emergency management and disaster response are coordinated nationwide.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cleveland-Cliffs
Cleveland-Cliffs has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include AK Steel, ArcelorMittal USA and Ferrous Processing & Trading. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of steel and steel products
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2006 | ||||
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Financial information resources are provided to support financial decision-making.
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1992 | ||||
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Steel products are manufactured for diverse industrial applications.
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1910 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cleveland-Cliffs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cleveland-Cliffs Comparisons
Competitors of Cleveland-Cliffs
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cleveland-Cliffs
Frequently Asked Questions about Cleveland-Cliffs
When was Cleveland-Cliffs founded?
Cleveland-Cliffs was founded in 1847 and raised its 1st funding round 156 years after it was founded.
Where is Cleveland-Cliffs located?
Cleveland-Cliffs is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Who is the current CEO of Cleveland-Cliffs?
Lourenco Goncalves is the current CEO of Cleveland-Cliffs.
How many employees does Cleveland-Cliffs have?
As of Dec 31, 2024, the latest employee count at Cleveland-Cliffs is 30,000.
What is the annual revenue of Cleveland-Cliffs?
Annual revenue of Cleveland-Cliffs is $19.18B as on Dec 31, 2024.
What does Cleveland-Cliffs do?
Cleveland-Cliffs was founded in 1847 and is headquartered in Cleveland, United States. Operations focus on the iron ore sector, where pellets and hot briquetted iron (HBI) are mined and processed. As one of the largest pellet producers in North America, shipments support steelmaking. In 2022, revenues reached 22.33 billion, with net profit at 0.48 billion. Leadership is provided by CEO Lourenco Goncalves.
What products or services does Cleveland-Cliffs offer?
Cleveland-Cliffs offers Steel Products and Sustainability Services.
Is Cleveland-Cliffs publicly traded?
Yes, Cleveland-Cliffs is publicly traded on NYSE under the ticker symbol CLF.
How many acquisitions has Cleveland-Cliffs made?
Cleveland-Cliffs has made 5 acquisitions, including AK Steel, ArcelorMittal USA, and Ferrous Processing & Trading.
Who are Cleveland-Cliffs's investors?
What is Cleveland-Cliffs's ticker symbol?
The ticker symbol of Cleveland-Cliffs is CLF on NYSE.