Cleveland-Cliffs Inc

XMUN:CVA

Business Description

Sector

Materials

Industry

Metals & Mining

Headquarters

United States of America US

Employees

25 000

IPO date

Jul 27, 1960

Cleveland-Cliffs makes iron ore pellets and steel products, with a strong focus on flat-rolled steel used by factories and makers of cars, appliances, machinery, and construction goods. It also owns iron ore mines and processing plants, so it can supply much of the raw material needed for its own steel mills. In simple terms, it sits in the middle of the industrial supply chain: it takes mined ore and turns it into steel that other companies use to build things.

The company makes money by selling steel sheet, plate, stainless and electrical steel, plus iron ore pellets and related metal products. Its main customers are automakers, metal processors, manufacturers, and other industrial buyers that need large, steady shipments of steel. These customers usually sign contracts or buy through ongoing supply relationships rather than one-off retail sales.

What makes Cleveland-Cliffs different is its vertical integration. Instead of buying most of its raw material from others, it controls mining, pelletizing, and steelmaking under one roof. That gives it tighter control over quality and supply, especially for demanding uses like automotive steel, where consistent specs and reliable delivery matter a lot.