Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSIONS AND OTHER POST RETIREMENT BENEFITS (Schedule of Assumptions Used) (Tables)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSIONS AND OTHER POST RETIREMENT BENEFITS (Schedule of Assumptions Used) (Tables) (Benefit Obligations [Member])

12 Months Ended

Dec. 31, 2013

Benefit Obligations [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Assumptions Used [Table Text Block]

Weighted-average assumptions used to determine benefit obligations at December 31 were:



	Pension Benefits		Other Benefits
	2013	2012	2013	2012
U.S. plan discount rate	4.57%	3.70%	4.57%	3.70%
Canadian plan discount rate	4.50	3.75	4.75	4.00
Salaried rate of compensation increase	4.00	4.00	4.00	4.00
Hourly rate of compensation increase (ultimate)	3.00	4.00	N/A	N/A
U.S. expected return on plan assets	8.25	8.25	7.00	8.25
Canadian expected return on plan assets	7.25	7.25	N/A	N/A

Weighted-Average Assumptions Used To Determine Net Benefit Costs [Table Text Block]

Weighted-average assumptions used to determine net benefit cost for the years 2013, 2012 and 2011 were:



	Pension Benefits						Other Benefits
	2013		2012		2011		2013		2012		2011
U.S. plan discount rate	3.70	%	4.28	%	5.11	%	3.70	%	4.28/3.51	% ¹	5.11	%
Canadian plan discount rate	3.75		4.00		5.00		4.00		4.25		5.00
U.S. expected return on plan assets	8.25		8.25		8.50		8.25		8.25		8.50
Canadian expected return on plan assets	7.25		7.25		7.50		N/A		N/A		7.50
Salaried rate of compensation increase	4.00		4.00		4.00		4.00		4.00		4.00
Hourly rate of compensation increase	4.00		4.00		4.00		N/A		N/A		N/A


¹	4.28 percent for the Salaried Plan. For the Hourly Plan, 4.28 percent from January 1, 2012 through October 31, 2012, and 3.51 percent from November 1, 2012 through December 31, 2012.