Cleveland-Cliffs, Inc.

Cleveland-Cliffs, Inc.

Cleveland-Cliffs, Inc.

Overview
Date Founded

1847

Headquarters

200 Public Square, Suite 3300, Cleveland, OH, 44114-2315, USA

Type of Company

Public

Employees (Worldwide)

25K

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Cleveland-Cliffs, Inc. is an iron ore mining company, which supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. The company was founded in 1847 and is headquartered in Cleveland, OH.

Contact Data
Trying to get in touch with decision makers at Cleveland-Cliffs, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman, President & Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Executive Vice President, Chief Legal Officer & Secretary

Vice President, Corporate Controller & Chief Accounting Officer

Director-Corporate Communications

Chief Operating Officer, Executive Vice President & President-Cleveland-Cliffs Steel

Executive Vice President

Executive Vice President, Human Resources & Chief Administration Officer

Executive Vice President-Logistics

Executive Vice President-Environmental & Sustainability

Board of Directors

Chairman, President & Chief Executive Officer at Cleveland-Cliffs, Inc.

Co-Founder at Casablanca Capital LLC

Secretary & Senior Vice President, General Counsel at University Hospitals Health System Inc Group Return

Managing Director & Owner at Cabrillo Point Capital LLC

Former Executive Vice President & Manager at Private Asset Management, Inc.

Former Senior Vice President & Chief Financial Officer at Graphic Packaging Holding Co.

Founder at Fields for Kids, Inc.

Managing Partner at Studio Investimentos Administradora de Recursos Ltda.

Director & Vice Chairman-Philadelphia Chapter at Community College of Philadelphia Foundation

Former Deputy General Counsel at Office of Congressional Workplace Rights

Paths to Cleveland-Cliffs, Inc.
Potential Connections via
Relationship Science
You
Cleveland-Cliffs, Inc.
Owners & Shareholders
Details Hidden

BofA Securities, Inc. is a registered broker-dealer subsidiary of NB Holdings Corp., ultimately held by Bank of America Corp. (NYSE: BAC). Headquartered in New York, the firm was founded in 2015 and offers trade execution, trading or brokerage services to institutional clients.

Details Hidden

TAA is an active manager which follows a long/short investment strategy to manage a multi-strategy hedge fund investing primarily in Asian and European markets, with special expertise in Southeast Europe. They invest across market caps, and avoid the US market. The firm makes a limited number of long investments and an equal number of short trades and does not invest in unlisted securities. A high percentage of their investments are based on broad investment themes and the rest seek to trade on ideas that differ from the market consensus.

Details Hidden

Tontine Associates emphasizes value investing and is based primarily on its industry research, analysis of company financial documents and discussions with company management. The firm will focus on the liquidity of the investment portfolio in order to reduce portfolio volatility. Certain of the funds focus on investments in financial institutions, primarily small-cap thrifts and banks, including thrift and bank holding companies, and may also include larger financial institutions. Investments for such funds may include long and short positions in equity and equity related securities, fixed income securities and other financial instruments, including derivative instruments such as options. Investments may be leveraged through the purchases of securities on margin.

Recent Transactions
Details Hidden

Cleveland-Cliffs, Inc. issued USD Common Shares

Details Hidden

Cleveland-Cliffs, Inc. purchases Cleveland-Cliffs Steel LLC from ArcelorMittal SA

Details Hidden

Cleveland-Cliffs, Inc. purchases Cleveland-Cliffs Steel Holding Corp.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised onCleveland-Cliffs, Inc. purchases Cliff Quebec Iron Mining Ltd.

Legal Advisor

Advised onCleveland-Cliffs, Inc. purchases Cliff Quebec Iron Mining Ltd.

Auditor

Advised onCleveland-Cliffs, Inc. issued USD Common Shares

Legal Advisor

Advised onCleveland-Cliffs, Inc. purchases Cliff Quebec Iron Mining Ltd.

Legal Advisor

Advised onCleveland-Cliffs, Inc. purchases Cliff Quebec Iron Mining Ltd.

Legal Advisor

Advised onCleveland-Cliffs, Inc. purchases Cleveland-Cliffs Steel LLC from ArcelorMittal SA

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner, Practice Leader Banking, Finance & Securities at Jones Day

Clients

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Essar Group operates as a holding company with interests in steel, oil, gas, power and telecommunications businesses. Its services include shipping, technology and outsourcing, telecom, realty, and travels. The company was founded by Shashikanth Nandkishore Ruia and Ravikanth Nandkishore Ruia in 1969 and is headquartered in Mumbai, India.

Grupo Carso SAB de CV is a holding company, which engages in the industrial, retail, infrastructure, energy, and construction businesses. It operates through the following segments: Commercial, Industrial, Infrastructure and Construction, and Energy. The Commercial segment operates department stores and boutiques, stores-restaurants, and electronics, technology and entertainment. The Industrial segment provides cables, electrical harnesses automotive, precision steel pipes, power transformers, and products for alternative energies. The Energy segment provides gas transportation services for the Federal Electricity Commission. The company was founded on October 22, 1980 and is headquartered in Mexico City, Mexico.

Key Stats and Financials As of 2020
Market Capitalization
$10.4B
Total Enterprise Value
$12.5B
Earnings Per Share
$-0.32
Revenue
$5.23B
EBITDAMargin
8.89%
Enterprise Value / Sales
2.38x
Enterprise Value EBITDAOperating
26.22x
TEVNet Income
-102.1x
Debt TEV
0.48x
EBITDA
$465M
Net Profit
$-122M
Total Equity
$3.08B
Total Debt
$5.99B
Three Year Compounded Annual Growth Rate Of Revenue
32.97%
Non-Profit Donations & Grants
Political Donations
$1,000
2011
$100
1996
$100
1996
Investments
Details Hidden

Hibbing Taconite Co. engages in the production and processing of iron ore mining industry. The company was founded on April 12, 1994 and is headquartered in Hibbing, MN.

Investors
Details Hidden

Founder at The Cross Trust

Suppliers
Great Northern Iron Ore Properties Non-Energy Mining & Minerals | Hibbing, MN

Great Northern Iron Ore Properties engages in owning and leasing of properties containing iron ore deposits. It also engages in leasing of properties to steel and mining companies that mine the mineral lands for taconite iron ore. The company was founded on December 7, 1906 and is headquartered in San Antonio, TX.

ALLETE, Inc. Real Estate | Duluth, MN

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Berkshire Hathaway, Inc. Other Insurance Services | Greenwich, Connecticut

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Competitors
ArcelorMittal SA Metal Manufacturing & Products - Luxembourg, Luxembourg

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

United States Steel Corporation Metal Manufacturing & Products - Pittsburgh, PA

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.

Nucor Corporation Metal Manufacturing & Products - Charlotte, NC

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises of carbon and alloy steel in sheet, bars; structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

Awards & Honors
Rank #860
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Cleveland-Cliffs, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Cleveland-Cliffs, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Cleveland-Cliffs, Inc..