Full-Time
Updated on 8/21/2026
Integrated steel production from ore onward
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No H1B Sponsorship
East Chicago, IN, USA
In Person
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Associate's
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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.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Cleveland, Ohio
Founded
1847
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JD Vance to campaign at Ohio steel plant where his grandfather worked. Vance has described the facility in his memoir Hillbilly Elegy as an economic lifeline for his family, with his grandfather, James Vance, working there for nearly four decades. August 21, 2026. 5:11 PM Vice President JD Vance is set to campaign Friday at the Cleveland-Cliffs Middletown Works steel plant in his Ohio hometown, a site closely connected to his family's history. Vance has described the facility in his memoir Hillbilly Elegy as an economic lifeline for his family, with his grandfather, James Vance, working there for nearly four decades. Vance plans to use the visit to promote President Donald Trump's "America First" economic policies. The appearance comes as he campaigns for Republican Sen. Jon Husted and gubernatorial nominee Vivek Ramaswamy ahead of competitive Ohio elections. Cleveland-Cliffs is planning a major modernization of the Middletown facility, including upgrades to a blast furnace and cogeneration plant that could create up to 1,500 jobs. The project is awaiting an Ohio Environmental Protection Agency air permit. The visit is part of Vance's expanding campaign schedule as Republicans seek to strengthen their position in key states. Related Tweet: Independent analysis powered by America's most accurate polls. Covering the economy, Russia, China, AI, crypto, and the forces reshaping global affairs. No spam. Unsubscribe anytime.
The $1 billion reason why Cleveland-Cliffs stock is up today. Follow this Author Cleveland-Cliffs (CLF) shares are pushing higher on Friday after the steelmaker announced a $1 billion investment in its Middletown Works facility in Ohio. In its press release, the NYSE-listed company also confirmed that about half of its modernization project is supported by the U.S. Department of Energy (DOE). The announcement arrives at a time when Cleveland-Cliffs stock is starved of investor interest, currently down about 15% versus the start of this year. Why the Middletown investment matters for CLF shares. The DOE has established a framework to finalize negotiations and implementation plans, rescoping a previously awarded $500 million grant. Cleveland-Cliffs' four-year project will upgrade the plant's blast furnace and material-handling infrastructure while adding artificial intelligence (AI) enabled process controls. The company will also construct a cogeneration facility that captures blast furnace gas to generate electricity and steam, potentially reducing external power dependence and operating costs. Management expects the investment to preserve 2,300 jobs and maintain Middletown's roughly 3 million tons of annual raw-steel capacity. Note that CLF stock ripped through its 50-day and 100-day moving averages (MAs) on Friday, indicating bulls have taken back control of the near- to medium term. Should you chase the momentum in Cleveland-Cliffs stock? While the announcement is largely constructive for Cleveland-Cliffs' long-term operating profile, caution is warranted in chasing the stock's rally on Friday. The DOE support meaningfully reduces the capital burden of a major modernization project, while the efficiency improvements could strengthen Middletown Works' competitiveness over time. However, the benefits will take years to materialize, with the blast-furnace rebuild targeted for the first quarter of 2030. For disciplined investors, waiting for some pullback before loading up on Cleveland-Cliffs shares would offer a more attractive risk-reward than buying purely on momentum, especially since CLF does not currently pay a dividend. What's the consensus rating on Cleveland-Cliffs? It's also worth mentioning that Wall Street analysts aren't particularly bullish on Cleveland-Cliffs for the remainder of this year. According to Barchart, the consensus rating on CLF shares sits at "Hold," with the mean price target of $12.28 indicating less than 5% upside potential from their intraday high. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More News from Barchart
JD Vance announces $500M grant at plant where 'papaw' spent 40 years. Cincinnati Enquirer Updated Aug. 21, 2026, 3:45 p.m. ET MIDDLETOWN, OH - Vice President JD Vance announced a $500 million federal grant will go toward the steel plant where his grandfather spent nearly 40 years as a welder. The grant, first offered to Cleveland-Cliffs in Middletown, Ohio, during the Biden administration, was supposed to be used to make the steel plant more environmentally friendly. Under President Donald Trump, the Cleveland-based company will use the federal dollars for traditional steelmaking methods that use coal and other upgrades, including ones that incorporate artificial intelligence. CEO Lourenco Goncalves said Cleveland-Cliffs will also invest $500 million into the Middletown Works steel plant for a total $1 billion investment. Goncalves thanked the Trump administration and said that with the grant and Trump's tariffs: "There's no end in sight here at Middletown Works. We are here to stay." In a hour-plus long event heavy on politics, Vance said the new federal dollars will transform the plant. "The future is going to built right here in Middletown, Ohio," he said. "This is a great day to be a resident of Middletown." Federal officials, local politicians and Cleveland-Cliffs employees met Vance as he visited his hometown - and stopped for a donut at Central Pastry, owned by Middletown's mayor - to make remarks on Friday. Gov. Mike DeWine thanked Trump and said "we are very proud" of Vance. "This truly is a great day for the state of Ohio," the governor said. Local, federal officials celebrate Middletown at steel plant event. Other attendees included Ohio Sens. Jon Husted and Bernie Moreno, Vance's half-brother and former Cincinnati mayoral candidate Cory Bowman, Ohio 1st District congressional candidate Eric Conroy, Ohio Reps. Thomas Hall and Adam Mathews, and Aaron Baer, president of the Center for Christian Virtue. Local officials like Mayor Elizabeth Slamka and Middletown residents also made up the crowd. "If you take a look at the people who attended today's announcement, you can begin to understand just how essential the steel industry and Cleveland-Cliffs are to Middletown and the entire region," Slamka said in a written statement after the event. "Their project represents a $1 billion investment in Middletown Works which includes a new, state-of-the-art cogeneration plant in Middletown, and this demonstrates their long-term commitment and investment to our city and its future." Before Vance took the stage, the crowd listened to music, including "Margaritaville" by Jimmy Buffet and "American Solider" by Toby Keith. The event began with a prayer that the company would grow closer to God, before Ohio Secretary of State Frank LaRose led the Pledge of Allegiance. Cleveland-Cliffs grant was first awarded under Biden for clean energy. Cleveland-Cliffs was selected to receive a $500 million federal grant for clean energy projects from the Biden administration in 2024 to replace its Middletown furnace with one that's powered by hydrogen. At the time, the Cleveland-based company committed to spending $1.3 billion of its own money on the update, which would have created almost 200 permanent jobs, reduced production costs and lowered carbon emissions, according to the company. But Cliffs abandoned those plans last year. Goncalves said during a July 2025 earnings call the company wouldn't be pursuing the project because of a lack of available hydrogen. In August 2025, Pat Persico, a Cleveland-Cliffs spokesperson, told The Enquirer that announcements of hydrogen hubs made during the Biden administration had "not materialized" as expected. Environmental groups criticized the new direction of the grant after the announcement on Aug. 21. Middletown Works ranks among Ohio's top 10 industrial polluters for carbon monoxide, lead and other pollutants fine particulate matter The original project proposal was projected to eliminate roughly one million metric tons of carbon emissions annually and drastically cut local smog and soot. A 2024 report by Industrious Labs, an environmental advocacy group, found pollution from Middletown Works contributes to dozens of deaths, over 21,000 cases of asthma symptoms and 44 emergency room visits peach year. "Middletown Works was promised the opportunity to become a global leader in clean steelmaking. Instead, the plant is receiving huge federal incentives to save the company money without meaningfully reducing pollution. Ohio communities like Middletown helped build the American steelmaking industry, they deserve a leading role in its future. This new plan is not that," Hilary Lewis, Steel Director at Industrious Labs, wrote in a statement. What is Cleveland-Cliffs? Cleveland-Cliffs, with its Middletown steel plant and West Chester office, is still a major employer in Butler County. At its peak, Armco, which owned the steel plant for almost 90 yeas, was Middletown's biggest employer. Middletown Works, the Middletown steel plant, now employs almost 2,000 hourly union-represented workers. Armco entered a limited partnership with Kawasaki Steel Corp. in 1989, becoming A.K. Steel. Cleveland-Cliffs, based in Cleveland, bought A.K. Steel in 2020 for $1.1 billion. This story will be updated.
Vice President JD Vance plans trip to Middletown to speak on economic agenda. Republican vice presidential candidate Sen. JD Vance, R-Ohio, speaks during a rally in his home town of Middletown, Ohio. Posted 3:30 AM, Aug 19, 2026 MIDDLETOWN, Ohio - Vice President JD Vance is returning to Middletown this week to speak about the Trump Administration's "America First" economic agenda, according to an announcement from Vance's team. The brief announcement does not offer much information about Vance's visit, but it says he plans to deliver remarks Friday at the Cleveland-Cliffs Middletown Works facility. Specifics on when this would happen were not provided. A separate announcement says Vance will be accompanied by U.S. Secretary of Energy Chris Wright, who will also deliver remarks. This visit will be the first time Vance has returned to Middletown since he campaigned there shortly after he was chosen as President Donald Trump's running mate during the 2024 election. It's unclear whether Vance plans to make a visit to his home in Walnut Hills while in the region; typically a trip home from the vice president means roadways in the area are closed while he's in Cincinnati. His visit comes as Cleveland-Cliffs pursues a major modernization project at its Middletown Works facility. The proposal includes construction of a cogeneration plant and upgrades to a blast furnace and related material-handling operations. Company officials have said the project would rebuild and modernize the facility's iron-making process. The steel mill traces its roots to 1900, when it opened as The American Rolling Mill Company, commonly known as Armco. According to Cleveland-Cliffs, the project could create up to 1,500 jobs, including many positions for local union building trades workers during construction. The project's future, however, remains dependent on regulatory approval. An Ohio Environmental Protection Agency air permit required for the work remains under review, according to an Ohio EPA spokesperson. More local news:
Cleveland-Cliffs reported second-quarter revenue of $5.23 billion, up 5.9% year-over-year and beating the consensus estimate of $5.13 billion. The steelmaker posted a loss per share of $0.20, narrower than the $0.50 loss in the year-ago quarter and slightly better than analysts' expectation of a $0.21 loss. External sales volumes totalled 4,025 thousand tonnes, falling short of the 4,105 thousand tonne analyst estimate. However, the average net selling price per tonne of $1,124 exceeded expectations of $1,109.49. Steelmaking revenue reached $5.05 billion, surpassing the $4.99 billion estimate. Stainless and electrical steel revenues jumped 21% to $525 million, whilst hot-rolled steel revenues rose 15.5% to $1.54 billion.