Cleveland-Cliffs

Cleveland-Cliffs

Integrated steel production from ore onward

Overview

Cleveland-Cliffs is a vertically integrated steel maker and iron ore producer, the largest flat-rolled steel producer in North America. It controls the full chain from iron ore mining to downstream finishing, processing, and distribution, forming a closed-loop system that secures raw-material supply and tightens cost and quality control. Its products include hot-rolled, cold-rolled, and coated steel, as well as iron ore sold to other steelmakers, with a focus on serving the North American market across automotive, infrastructure, and manufacturing sectors. Unlike many peers, Cleveland-Cliffs differentiates itself through end-to-end integration and a strong regional footprint, enabling customized solutions and reliable supply for its customers. The company aims to maintain material availability, translate supply-chain advantages into stable pricing and quality, and grow its leadership in North American steel production.

About Cleveland-Cliffs

Simplify's Rating
Why Cleveland-Cliffs is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Cleveland, Ohio

Founded

1847

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Simplify's Take

What believers are saying

  • Q1 2026 revenue of $4.9 billion beat expectations with adjusted EBITDA turning positive at $95 million.
  • Analysts project fair value of $11.31 per share driven by improved cost performance and tariff benefits.
  • Cleveland-Cliffs expects 16.8 million tons of steel shipped in 2026, up 3% from 2025.

What critics are saying

  • Weak automotive demand causes 24% year-over-year price pressure with a 50–70% probability in 6–12 months.
  • Palantir AI integration exposes production data to third-party models, risking operational blueprint theft by competitors.
  • Section 232 tariff rollback to 25% by mid-2026 allows Chinese steel imports to surge 40%.

What makes Cleveland-Cliffs unique

  • Cleveland-Cliffs is the only North American producer of high-efficiency NOES steel for EV motors.
  • The company secured the 2025 GM Supplier of the Year award as the only North American steel producer.
  • It achieved over $300 million in annual savings through footprint optimization while maintaining OEM service.

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Funding

Total Funding

$8.5B

Above

Industry Average

Funded Over

7 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Education Assistance

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

4%

2 year growth

4%
Kazinform
Jul 2nd, 2026
U.S. Army bets $500 million on AeroVironment's drone shield.

U.S. Army bets $500 million on AeroVironment's drone shield. 17:01, 2 July 2026 AeroVironment Inc. has been awarded a $500 million U.S. Army contract for commercial counter-drone systems, Qazinform News Agency reports. According to the U.S. Department of War, the California-based company received a firm-fixed-price contract for the procurement of commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilities. Work locations and funding will be determined with each order. The estimated completion date is June 29, 2029. The Army Contracting Command at Detroit Arsenal, Michigan, is the contracting activity. The award was the largest contract listed by the Pentagon for July 1. Other major contracts included a $400 million Defense Logistics Agency contract awarded to Cleveland-Cliffs Steel Corp. for grain oriented electrical steel and a $347.5 million U.S. Army contract awarded to Lockheed Martin Missile and Fire Control for the development, fabrication and testing of improvements to prototype air and missile defense systems. Lockheed Martin also received a separate $35.8 million Army contract for the Advanced Capability-3 Software Task. In the Navy sector, StratasCorp Technologies was awarded a $99 million bridge contract for continued command, control, communications and computers support for Military Sealift Command's fleet of ships. Earlier, Qazinform News Agency reported that the U.S. Department of War had released a third batch of declassified files on Unidentified Anomalous Phenomena, or UAP, as part of the Presidential Unsealing and Reporting System for UAP Encounters initiative.

Railfanning.org
Jun 26th, 2026
Noncarrier acquiring 11-mile line philadelphia-area line.

Noncarrier acquiring 11-mile line philadelphia-area line. A noncarrier has filed a verified notice of exemption to acquire a roughly 11-mile rail line in Conshohocken, Pennsylvania, from Cleveland-Cliffs Railways Inc., which does business as the Upper Merion & Plymouth Railroad. According to the verified notice, 900 Conshohocken Rail LLC is a new, noncarrier subsidiary of MLP Ventures, LLC, formed to acquire the line. According to the verified notice, Conshohocken Rail and CCRI have reached an agreement under which Conshohocken Rail will acquire the line and provide rail service as needed, either directly or through a service provider under contract. Records indicate that the transaction will be undertaken in connection with MLP's acquisition of the property of an idled steel plate finishing facility owned by Cleveland-Cliffs Plate LLC, an affiliate of CCRI. Conshohocken Rail said that the proposed acquisition does not involve an interchange commitment. Conshohocken Rail expects to become a Class III carrier upon consummation of the deal. However, it said that its projected annual revenues from this transaction are not expected to exceed $5 million and that the proposed transaction will not result in Conshohocken Rail becoming a Class I or Class II rail carrier. The earliest this transaction may be consummated is July 12, the effective date of the exemption and 30 days after the verified notice was filed. The Line does not have assigned mileposts. Railfanning review podcast. Before you copy and paste this information to your website, please keep in mind this research took a lot of effort. Appreciate it. Learn from it. But do not plagiarize it. Yes, if you think Railfanning Review might be talking to you, Railfanning Review is.

Cleveland News.Net
Apr 6th, 2026
Report: northwest IN steel mills need environmental upgrades.

Report: northwest IN steel mills need environmental upgrades. Terri Dee 06 Apr 2026, 06:02 GMT+ A new report showed Indiana's nationally known steel plants are outdated and could function better using cleaner fuels. Burns Harbor, Indiana Harbor Works and Gary Works produce slightly more than 40% of the nation's steel. It is estimated they emit about 25 million tons of carbon dioxide each year. The study was conducted by the Environmental Resilience Institute at Indiana University, a science-based organization blending academia, research and community to address the state's environmental health challenges. Gabriel Filiptelli, professor of earth sciences, executive director of the institute and the study's co-author, said the plants' operation models have not changed in more than 100 years. "If we can get off of coal for these industries, we can keep them vital assets to Indiana and Indiana workers while significantly cleaning up the environment," Filiptelli explained. "The technology to do that is not theoretical. It's tried and true. They already make steel using these technologies in other places." A transition from coal to the new modern steelmaking fuels and fuel sources could likely stabilize or boost employment in Northwest Indiana, Fillippelli added. Between 1990 and 2017, steel mill jobs at Gary Works, ArcelorMittal and Indiana Harbor in Northwest Indiana declined by 58%. Upgrades to the outdated plants could greatly improve the health of nearby residents, Fillippelli explained. Conditions are poor in Indiana's northwest region due to extreme air pollution and poor water quality stemming from steel mill pollution. "We can get rid of a bunch of that pollution," Filiptelli emphasized. "Community members would be very happy to have cleaner communities. The health impacts alone are about $100 million a year on communities living in and around Gary, Hammond and that region." Steel companies Nippon Steel and Cleveland Cliffs plan to invest a combined $700 million to reline outdated blast furnaces at the Gary Works and Burns Harbor steel mills over the next two years.

Yahoo Finance
Mar 11th, 2026
Cleveland-Cliffs shares drop 22% after Q4 earnings miss revenue estimates

Cleveland-Cliffs has seen shares decline 22.3% in the month following its latest earnings report, underperforming the S&P 500. The steelmaker reported a fourth-quarter 2025 adjusted loss of 43 cents per share, beating the consensus estimate of a 62-cent loss, though revenues of $4.3 billion missed expectations of $4.6 billion. The company's average net selling price per net ton of steel products rose 2% year-over-year to $993, whilst external sales volumes fell 1.5% to approximately 3.77 million net tons. Long-term debt decreased 10% sequentially to $7.3 billion. For 2026, Cleveland-Cliffs expects capital expenditures of around $700 million and targets steel unit cost reductions of approximately $10 per net ton from 2025 levels.

The Fabricator
Nov 12th, 2025
Cleveland-Cliffs: $700M POSCO Partnership Signals Shift

The Ryerson-Olympic Steel merger and POSCO's $700 million investment in Cleveland-Cliffs indicate a trend of consolidation and foreign investment in the U.S. steel industry. This could lead to more strategic alliances and mergers among service centers. The Cleveland-Cliffs-POSCO partnership aligns with U.S.-Korea trade rules, potentially increasing competition for domestic mills. Rising U.S. manufacturing demand may drive further reshoring and investment in steel production.

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