Cleveland-Cliffs Names Steven Raguz Corporate Planning VP

CLEVELAND, March 15 /PRNewswire-FirstCall/ -- Cleveland-Cliffs Inc (NYSE: CLF) today announced the appointment of Steven M. Raguz as Vice President-Corporate Planning and Strategic Analysis, effective March 5, 2007.

Raguz, 39, joins Cliffs having served as Senior Director, Financial Planning and Analysis of STERIS Corporation (NYSE: STE) from 2000 to 2007. Prior to that, he was with OfficeMax, American Greetings and Deloitte & Touche LLP.

A graduate of the Ohio State University with a B.S. in Business Administration, Raguz has extensive experience in various aspects of financial and strategic planning and analysis. In his current capacity, he will lead the Corporate Planning function, which will design processes to ensure consistency and appropriate information to implement the Company's strategy. In addition, he will oversee analysis and forecasting functions as well as long-term planning.

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Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is the largest producer of iron ore pellets in North America and sells the majority of its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs Inc operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada. The Company is majority owner of Portman Limited, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.

This news release contains predictive statements that are intended to be made as "forward-looking" within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties. The many factors and risks that may cause such predictive statements to turn out differently are set forth in the Company's Annual Report for 2005, Reports on Form 10-K and Form 10-Q and previous news releases filed with the Securities and Exchange Commission, which are publicly available on Cleveland-Cliffs' website. The information contained in this document speaks as of the date of this news release and may be superseded by subsequent events.

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SOURCE Cleveland-Cliffs Inc