CLEVELAND-CLIFFS INC.

The company is a vertically integrated North American steel manufacturer that produces value-added sheet products, plate, stainless and electrical steels, slabs, and downstream tubular and stamped components. It operates across four primary segments—Steelmaking, Tubular, Tooling and Stamping, and European Operations—with steelmaking serving as its primary reportable business. Its integrated operations span iron ore mining, direct reduced iron production, and scrap recycling through finished manufacturing. Sourcing raw materials primarily internally, the enterprise serves four commercial categories: direct automotive manufacturers, infrastructure and manufacturing firms, distributors and converters, and other steel producers.

Headquartered in Cleveland, Ohio, the company maintains operations across the United States and Canada, employing approximately 25,000 individuals. Its production footprint includes seven blast furnaces, four electric arc furnaces, iron ore mines in Michigan and Minnesota, a coal mining complex in West Virginia, and a direct reduction plant in Ohio. Additional primary steelmaking, coke production, finishing, and scrap processing facilities operate across Indiana, Michigan, Ohio, Pennsylvania, Illinois, Mississippi, Tennessee, and Ontario.

Summary of the business section of Cleveland-Cliffs's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.