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Latest Quarterly Results

Q1 2022

Quarter Ended Mar 31, 2022

$6.0B

First-quarter 2022 consolidated revenues were $6.0 billion, compared to prior-year first-quarter revenues of $4.0 billion

$1.5B

First-quarter 2022 Adjusted EBITDA* was $1.5 billion, compared to $513 million in the prior-year first-quarter

Source: 10-Q 2022 & Q1 earnings release

For complete information regarding our financials, see our periodic filings

* Non-GAAP Financial Measures. View full reconciliation in our Q1 earnings press release.

View Reconciliation
Latest Annual Filing

For Fiscal Year Ending Dec 31, 2021

Report Links

View 10-K
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About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated, from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing and downstream with hot and cold stamping of steel parts and components. The Company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and is the largest steel supplier to the automotive industry in North America. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.

Cleveland-Cliffs received several prestigious industry awards in 2021 for its performance.

View company profile

Cleveland-Cliffs at a Glance

26K

Employees across our mining, scrap, steel, and downstream manufacturing operations in the U.S. and Canada.

72

Operating Facilities

As of Dec. 31, 2021 • 10-K 2021

Cleveland-Cliffs Company Performance in FY 2021

Total Revenue

In millions

Revenues by Product Line

  • Coated: 29%
  • Hot-rolled: 27%
  • Cold-rolled: 16%
  • Other Steel Products: 6%
  • Stainless/Electrical: 8%
  • Plate: 6%
  • Other: 8%

Revenue by Market

  • Distributors and Converters: 38%
  • Infrastructure and Manufacturing: 27%
  • Automotive: 25%
  • Steel Producers: 10%

As of Dec. 31, 2021 • 10-K 2021
For complete information regarding our financials, see our periodic filings.

Learn More About Cleveland-Cliffs

Best-in-Class Steelmaking

Best-in-Class Steelmaking

Following the acquisitions of ArcelorMittal USA and AK Steel in 2020, we are a different company.  We have transformed into a vertically integrated high-value steel enterprise. We prioritize value over volume. We have the unique advantage of being self-sufficient, beginning with the extraction of raw materials through the manufacturing of steel products, including stamping, tooling and tubing. Our size and scale provide us flexibility to best serve our customers.   
Creating Innovative Steel Solutions

Creating Innovative Steel Solutions

We now have a world-class research and development team expanding our capabilities to bring new steel products to the marketplace. Our broad product mix includes carbon, stainless, electrical, and third-generation advanced high-strength carbon and specialty steels serving all major markets.
Supplying High-value Steel Across North America

Supplying High-value Steel Across North America

Our competitive advantage in an increasingly quality-focused marketplace strengthens our position in important U.S. markets such as construction, appliances, infrastructure, machinery, equipment, and automotive steel.
Producing Clean Steel

Producing Clean Steel

We have a long history of providing a safe workplace, striving to be good stewards of the environment, and establishing strong and respectful relationships with our communities. Our commitment to sustainability is core to our values and business operations and it extends to our partnerships with stakeholders.

IR Contacts

Corporate Office

Cleveland-Cliffs Inc.
200 Public Square
Suite 3300
Cleveland, OH 44114
T: (216) 694-5700
info@clevelandcliffs.com

Investor Relations

Paul Finan
Senior Vice President of Finance

James Kerr
Manager, Investor Relations
ir@clevelandcliffs.com

Transfer Agent

Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
T: 303-562-9695
shareholder@broadridge.com
https://shareholder.broadridge.com/clf/