Cleveland-Cliffs

Cleveland, United States Founded: 1847 • Age: 179 yrs Listed
Iron ore pellets and HBI are produced in North America.

About Cleveland-Cliffs

Cleveland-Cliffs is a publicly listed company based in Cleveland (United States) founded in 1847. It operates as an iron ore pellets and HBI are produced in North America. The company has 30,000 employees. Cleveland-Cliffs has completed 5 acquisitions, including AK Steel, ArcelorMittal USA and Ferrous Processing & Trading. Its chief executive is Lourenco Goncalves. Its website clevelandcliffs.com draws about 33 thousand monthly visits. Cleveland-Cliffs offers products and services including Steel Products and Sustainability Services. Its focus areas include Chemicals and Materials, Metals and Alloys and Precious Metals. Its legal entity is Cleveland-Cliffs Inc.

Company details

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.

  • Headquarters Cleveland, United States
  • Employees 30,000
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website clevelandcliffs.com
  • Social LinkedIn X
  • Legal Name Cleveland-Cliffs Inc.
Key Metrics
  • Annual Revenue
    $18.61 B (USD)
    -3
    as on Dec 31, 2025
  • Net Profit
    -$1.48 B (USD)
    -94.47
    as on Dec 31, 2025
  • EBITDA
    -$45 M (USD)
    -106.88
    as on Dec 31, 2025
  • Latest Funding Round
    $1.8M (USD), Post-IPO

    Dec 2025

  • Investors
    FEMA

    & 1 more

  • Employee Count
    30,000
  • Investments & Acquisitions
    AK Steel

    & 4 more

Products & Services of Cleveland-Cliffs

Cleveland-Cliffs offers a comprehensive portfolio of products and services, including Steel Products and Sustainability Services.

Steel Products
Industrial Materials

Steel products are produced for high-end automotive and appliance applications, including through new annealing lines that utilize hydrogen processing.

Sustainability Services
Environmental Services

Sustainability reports and practices are managed, focusing on environmental and social governance priorities as outlined in annual reporting.

Funding Insights of Cleveland-Cliffs

  • Total Rounds 7
  • Last Round Post-IPO β€” $1.8M
  • First Round $50,001

    (Feb 2003)

  • Investors Count 2

All 7 funding rounds of Cleveland-Cliffs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2025$1.8MPost-IPO––
–
Feb 2025$14.01MDebt – Conventional––
–
Jan 2010$94.73MGrant––
Feb 2008$204,719Post-IPO––
–
Aug 2007–Grant––
Mar 2007$174,000Post-IPO––
–
Feb 2003$50,001Post-IPO––
–
Valuation history

2 investors in total: 2 institutional.

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.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Federal emergency management and disaster response are coordinated nationwide.
1979fema.gov-
Scientific and technical information is managed and disseminated by OSTI.GOV.
–osti.govOak Ridge, United States
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Investor details for Cleveland-Cliffs

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People of Cleveland-Cliffs

329 people are tracked at Cleveland-Cliffs (53 in leadership, 276 in team); the tracked headcount is 30,000.

NameRoleGroup
Lourenco Goncalves
CEO & PresidentLeadership
Steve Taylor
Vice President Supply ChainLeadership
Arun Balakrishnan
DirectorLeadership
Clifford T. Smith
EVP & COOLeadership
Paulo Blanc
Director Of IT Corporate ApplicationsLeadership
James Kerr
Director, Investor RelationsLeadership
Neil Chesterfield
Director - Corporate Fp&aLeadership
Celso Goncalves
EVP & CFOLeadership
Arlene Yocum
DirectorLeadership
Kim Floriani
Senior Vice President, Controller & Chief Accounting OfficerLeadership
Ron Hogerty
Director - Marine LogisticsLeadership
Conrad Victor
Sr. Director - Rail Logistics & CustomsLeadership
James Graham
EVP, Chief Legal Officer & SecretaryLeadership
Keith A. Koci
EVP & President, Cleveland-Cliffs ServicesLeadership
Cyril Martinand
Enterprise Director ProcurementLeadership
Wallace Clenio de Melo
Senior Director For Strategic Projects And PMOLeadership
Brendan R. Carter
Senior Director, Corporate Human ResourcesLeadership
Daniel Bilewicz
Director, IT Controls & Project Office (pmo)Leadership
J.b. Chronister
Senior Director Business DevelopmentLeadership
Tushar Mondhe
Director - Operations Finance MiningLeadership

309 more people are available in the full profile.

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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.

  • IPO date06 Apr 2009
  • Listed onEuronext: CLF
  • Listed entityCleveland-Cliffs Inc.
  • Exchange sectorNon-energy minerals
  • ISINUS1858991011
  • Share price$12.86 (-0.23% on the day) · 2026-10-13
  • Market capitalisation$7.34B
  • EPS (diluted, trailing year)$-1.62
  • Volume (last session)14,554,078

Financials of Cleveland-Cliffs

Exchange-reported annual figures
YearRevenueNet incomeEBITDA
2025$18.61B-$1.48B-$45.0M
2024$19.18B-$760.0M$654.0M
2023$22.00B$399.0M$1.87B
2022$22.99B$1.33B$2.75B
2021$20.44B$2.99B$5.07B
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Detailed financial statements for Cleveland-Cliffs

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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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Steel products are manufactured for diverse industrial applications.
stelco.comToronto, Canada1910Jul 2024β€’β€’β€’β€’
Metal recycling services are provided in Detroit since 1904.
fptscrap.comDetroit, United States1904Oct 2021$775M
Manufacturer of steel and steel products
usa.arcelormittal.comLuxembourg2006Sep 2020β€’β€’β€’β€’
Steel plant
aksteel.comWest Chester, United States1899Dec 2019β€’β€’β€’β€’
Financial information resources are provided to support financial decision-making.
spiderresources.comPortland, United States1992Jul 2010$125M
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Complete acquisition details for Cleveland-Cliffs

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  • Exports

Verified entity values are shown only after access is granted.

Timeline of Cleveland-Cliffs

9 dated milestones of Cleveland-Cliffs across 178 years, from founding to its latest funding, stage changes and deals.

  1. Founded Cleveland-Cliffs is founded.
  2. Funding First funding round of $50K.
  3. IPO Lists on the stock exchange (IPO).
  4. Acquisition Acquires Spider Financial Info Resources.
  5. Acquisition Acquires AK Steel.
  6. Acquisition Acquires ArcelorMittal USA.
  7. Acquisition Acquires Ferrous Processing & Trading.
  8. Acquisition Acquires Stelco.
  9. Funding Latest funding round, Post-IPO, of $1.8M.

Web traffic of Cleveland-Cliffs

The website of Cleveland-Cliffs (clevelandcliffs.com) receives about 33K visits a month.

  • Monthly visits
    33K

    ▼ 19.1% vs previous month

Similar websites

Websites whose visitors overlap most with Cleveland-Cliffs. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
bhdp.com
bhdp.com
100%
–#2,979,689–
hydrogen-central.com
88%
680.7K#1,530,686View details
narmco.com
81%
––View details
benjaminsteel.com
81%
2.5K#6,069,309View details
woodmac.com
81%
271.8K#179,610View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 7 similar websites and full traffic analytics for Cleveland-Cliffs

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Top companies in Metals & Minerals

10 companies that operate in the same segment as Cleveland-Cliffs (Metals & Minerals), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
3M is recognized as a global leader in industrial innovation.
1902United States–USD 24.95 B74
Diversified products are provided across health, lighting, and consumer sectors.
1891Amsterdam, Netherlands–USD 20.95 B67,820
Diversified conglomerate operating across multiple industries
1919Tokyo, Tokyo, Japan–USD 45.77 B73
Traditional conglomerate services are provided across multiple sectors by Mitsui.
1947Chiyoda, Tokyo, Japan–USD 87.78 B146
Metals and minerals are produced and supplied worldwide.
1974Baar, Zug, SwitzerlandUSD 2.2 BUSD 252.73 B150,000
Multiple real estate strategies are pursued by Al-Futtaim.
1930Dubai, Dubai, United Arab EmiratesUSD 500 M––
Mineral-based specialty solutions are supplied for industrial applications.
1880Paris, FranceUSD 1.56 BUSD 3.97 B12,900
Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.43 M–6,934
Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors
1953Seoul, South Korea–USD 14.38 M1
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 573.4 MUSD 1.43 B180
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Related news about Cleveland-Cliffs

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Frequently Asked Questions about Cleveland-Cliffs

Cleveland-Cliffs was founded in 1847 and raised its 1st funding round 156 years after it was founded.

Cleveland-Cliffs is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.

Lourenco Goncalves is the current CEO of Cleveland-Cliffs.

Cleveland-Cliffs has 30,000 employees.

Annual revenue of Cleveland-Cliffs is $18.61B as on Dec 31, 2025.

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.

Cleveland-Cliffs offers Steel Products and Sustainability Services.

Yes, Cleveland-Cliffs is publicly traded on NYSE under the ticker symbol CLF.

Cleveland-Cliffs has made 5 acquisitions, including AK Steel, ArcelorMittal USA, and Ferrous Processing & Trading.

Cleveland-Cliffs has 2 investors. Key investors include FEMA, and OSTI.GOV.

Cleveland-Cliffs operates through Cleveland-Cliffs Inc.

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