Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program

Operations Overview

Cleveland-Cliffs is the largest producer of flat-rolled steel in North America. We have the scale and technical capacity to lead an increasingly quality-focused steel marketplace. 

Our unique, vertically integrated business model provides a competitive advantage over other steelmakers that procure a larger proportion of their steelmaking raw materials from external sources, and allows us to control our production from upstream mining to downstream stamping and tubing.

Steelmaking

We are fully integrated from mined raw materials to primary steelmaking to downstream stamping, tooling, and tubing, giving us unmatched control over the reliability and quality of our supply chain. 

How Our Steel Is Made

Unrivaled Steelmaking Production

We produce flat-rolled carbon, stainless, electrical, plate, tinplate, and long steel products.

Desirable End Market Exposure

We are the North American market leader in steel sales to the demanding automotive industry, due primarily to product quality and capabilities.

High-grade Raw Materials

Cleveland-Cliffs has the unique advantage of being able to produce raw materials and scrap for its steelmaking operations.

Toledo DR Plant Contributes to Sustainability Goals

In 2020, we completed the world's most advanced direct reduction facility. This natural-gas-based plant produces hot-briquetted iron (HBI), an environmentally friendly alternative to scrap and imported pig iron used in the steelmaking process.

Our Commitment to Innovation

State-of-the-art by every measure, our Toledo facility is the most modern, efficient, and environmentally friendly Direct Reduction Plant in the world.

More About Toledo DR

Tooling and Stamping

Cleveland-Cliffs Tooling and Stamping, a Cleveland-Cliffs subsidiary, is an advanced manufacturing and engineering services company specializing in innovative designs, hot and cold stamping, and complex modular assembly and finishing options. Our highly talented tactical specialists have a track record of designing tools that other manufacturers deemed impossible.

About Tooling and Stamping

Tubular Components

Cleveland-Cliffs Tubular Components has manufactured Electric Resistant Welded tubing since 1977, and we are leaders in Advanced High Strength Steel (AHSS) tube production. Our veteran steel tube mill operators have the expertise to solve even the most complex tubing challenges.

About Tubular Components