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Cleveland-Cliffs

Cleveland, Ohio, United States · Manufacturing, Mineral, Mining

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. Cleveland-Cliffs is the la

Key facts

Headquarters
Cleveland, Ohio, United States
Employees
25,000
Industries
Manufacturing, Mineral, Mining
Status
Public (CLF)
Website
www.clevelandcliffs.com
LinkedIn
Company page

Recent activity at Cleveland-Cliffs

  • : Cleveland-Cliffs acquires Stelco amid job concerns
  • : Cleveland-Cliffs secures $500 million in support from the U.S. Department of Energy as part of a $1 billion investment in Middletown Works.
  • : Cleveland-Cliffs Promotes Celso Goncalves to President and CFO
  • : SEC 8-K (5.02): On July 21, 2026, Cleveland-Cliffs Inc. appointed Celso L. Goncalves Jr. as President and Chief Financial Officer, effective immediately. Lourenco Goncalves will remain Chairman and CEO, relinquishing the President title. Celso, who has served as Executive Vice President and CFO since 2021, will see his annual base salary increase from $884,000 to $1,000,000 and his severance multiple under his Change in Control Severance Agreement increase from two to three years. Celso is also a new member of the Board of Directors. These changes reflect the company's strategy to strengthen its leadership while ensuring continuity in management.
  • : SEC 8-K (2.02): On July 23, 2026, Cleveland-Cliffs Inc. announced its second-quarter financial results for the quarter ended June 30, 2026. This filing provides detailed insights into the company's financial performance, including revenue, net income, and earnings per share figures, which are crucial for investors and analysts. The financial results indicate significant growth compared to the previous quarter and reflect positively on the company's operational strategy. The announcement is pivotal as it could influence stock actions and investor sentiment immediately after the release.
  • : Cleveland-Cliffs Enters Partnership with Palantir to Enhance Steel Production with AI.
  • : SEC 8-K (5.02): On February 19, 2026, Douglas C. Taylor submitted his resignation as Lead Director of the Board of Directors for Cleveland-Cliffs Inc., which was conditional upon acceptance by the Board. His resignation was in accordance with the Company's Corporate Governance Guidelines due to a change in his primary business affiliation and was not due to any disagreement with the Company. The Board accepted his resignation on February 22, 2026, effective immediately, and subsequently appointed Ralph S. Michael, III as the new Lead Director and Edilson T. Camara as Chairman of the Compensation and Organization Committee. This change reflects a strategic shift in the Board's leadership structure that may impact the Company’s governance and operations moving forward.
  • : SEC 8-K (5.02): Cleveland-Cliffs Inc. appointed Edilson Camara to its Board of Directors on November 12, 2025. Mr. Camara is considered independent, with no material relationships with the Company, and will serve on the Compensation and Organization Committee. As a nonemployee director, he will receive compensation consistent with other directors, including a prorated restricted share award and quarterly retainer fees under the Company's 2021 Nonemployee Directors’ Compensation Plan. Additionally, the Company plans to enter into an Indemnification Agreement with Mr. Camara to cover expenses incurred during his service on the Board, consistent with Ohio law.
  • : SEC 8-K (8.01): Cleveland-Cliffs Inc. entered into a material definitive underwriting agreement with UBS Securities LLC on October 29, 2025. The agreement signifies the sole underwriter's role in facilitating the sale of securities, likely impacting the company's capital structure and liquidity. The filing also includes an opinion and consent from the legal firm Jones Day, affirming compliance with legal standards. This transaction is part of the company's latest fundraising initiatives, aimed at supporting its operational and strategic objectives.
  • : SEC 8-K (8.01): Cleveland-Cliffs Inc. filed an 8-K to report the execution of an Underwriting Agreement dated October 29, 2025, with UBS Securities LLC as the sole underwriter. This agreement pertains to a registration statement on Form S-3 (Registration No. 333-291146), which facilitates the potential issuance of securities. The filing includes an Opinion and Consent of the law firm Jones Day related to the underwriting. This event is significant as it may indicate a capital raise or expansion efforts by the company, reflecting its strategic growth plans.

Leadership

  • Lourenco Goncalves, Chief Executive Officer
  • Celso Goncalves, Chief Financial Officer
  • Michael Hrosik, Vice President

Verified email and direct lines for Cleveland-Cliffs’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.

Employee benefit plans

Cleveland-Cliffs files 10 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Cleveland-Cliffs in the news

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About Cleveland-Cliffs: questions and answers

What does Cleveland-Cliffs do?

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. Cleveland-Cliffs is the la

Where is Cleveland-Cliffs headquartered?

Cleveland-Cliffs is headquartered in Cleveland, Ohio, United States.

How many employees does Cleveland-Cliffs have?

Cleveland-Cliffs has about 25,000 employees.

Who leads Cleveland-Cliffs?

Lourenco Goncalves is a Chief Executive Officer at Cleveland-Cliffs.

What is the latest news on Cleveland-Cliffs?

On Sep 30, 2026, Cleveland-Cliffs acquires Stelco amid job concerns

Is Cleveland-Cliffs a public company?

Yes. Cleveland-Cliffs is publicly traded under the ticker CLF.

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy

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