Cleveland-Cliffs Inc (CLF) Sector
Materials

(Current) $20.62
-0.51 (-2.41%) Open Price: 21.08

 

Cleveland-Cliffs Inc., headquartered in Cleveland, Ohio, is a prominent vertically integrated producer of iron ore and steel in North America. With a rich history dating back to 1847, the company has played a vital role in shaping the region's industrial landscape and has evolved into a significant player in the global steel and mining industries.

 

Cleveland-Cliffs is primarily engaged in mining iron ore and producing steel products. The company operates iron ore mines across the United States and Canada, providing a critical raw material for steel production. It extracts iron ore from its mines and processes it into pellets, which are used as feedstock by steel manufacturers. The company also owns and operates various steelmaking facilities that produce high-quality steel products for diverse applications.

 

Cleveland-Cliffs' integrated business model sets it apart from its competitors. By controlling both the supply of iron ore and the production of steel, the company can manage costs and ensure consistent quality throughout the production process. This approach enhances its competitive advantage and positions it as a reliable supplier to various industries, including automotive, construction, and infrastructure.

 

In addition to its core operations, Cleveland-Cliffs has been involved in strategic acquisitions to expand its capabilities and market presence. Notably, the company acquired AK Steel Holding Corporation, a major producer of flat-rolled carbon, stainless, and electrical steel products, further diversifying its product offerings and customer base.

 

As a key player in the iron ore and steel sectors, Cleveland-Cliffs Inc. leverages its extensive experience, integrated approach, and robust supply chain to provide essential materials for a wide range of industries while maintaining a strong presence in the North American steel market.

 



 

(03/01/24) $21.08
(03/04/24) $21.12
(03/04/24) (Qty.)3,246,765
(03/01/24) $20.77
(03/01/24) $21.19
(05/28/23) $13.61
(03/05/23) $22.60
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