business
COMPANY BENCHMARKING • UNITED STATES

Cleveland-Cliffs Inc. - Company Profile

Access all 5,000+ company profiles through Benchmarking Pro, available to Membership Plus subscribers. Unlock interactive competitor comparison tools that show you how Cleveland-Cliffs Inc. stacks up to the competition and put relevant competitor and industry information at your fingertips.


Cleveland-Cliffs Inc. - Overview

Description
Cleveland-Cliffs Inc. is a public company headquartered in Ohio with an estimated 26,000 employees. In the US, the company has a notable market share in at least two industries: Iron Ore Mining and Iron & Steel Manufacturing. Their largest market share is in the Iron Ore Mining industry, where they account for an estimated 61.8% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Cleveland-Cliffs Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 200 Public Square Ste. 3300 Cleveland OH 44114-2315

Employees: 26000

Cleveland-Cliffs Inc. - Operating Industries and Main Competitors

error_outline To view all of Cleveland-Cliffs Inc.'s operating industries and competitors, see purchase options.

Cleveland-Cliffs Inc. - Products and Services

  • Iron & Steel Manufacturing in the US

  • Of the 7 core revenue-generating products and services in the Iron & Steel Manufacturing in the US industry, Cleveland-Cliffs Inc. offers:
    • Cold-finished bars and shapes
    • Cold-rolled sheets and strips
    • Hot-rolled bars and shapes
    • AAAAA AAAAA
  • Iron Ore Mining in the US

  • Of the 3 core revenue-generating products and services in the Iron Ore Mining in the US industry, Cleveland-Cliffs Inc. offers:
    • Iron ore pellets
    • Other products
error_outline To view Cleveland-Cliffs Inc.'s full products and services, see purchase options.

Cleveland-Cliffs Inc. - Analyst Insights

Integration as a long-term competitive advantage

Cliffs has completed multiple acquisitions over the past several years to add new feedstock and steel products to the company’s product portfolio. In 2020, Cliffs spend nearly $2.0 billion to acquire AK Steel Holdings Corp. and ArcelorMittal USA LLC, two major US steelmakers which are expected building upon the company's existing high-end steelmaking and raw material capabilities. In 2021, Cliffs also purchased Ferrous Processing & Trading Co. for $775.0 million, a leading provider of prime scrap used in steelmaking operations. The company's current focus is now on successfully integrating several dozen steelmaking, cokemaking, manufacturing, mining and pelletizing facilities acquired from the separate companies.

New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

error_outline To view all analyst insights on Cleveland-Cliffs Inc., see purchase options.

Cleveland-Cliffs Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Cleveland-Cliffs Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Iron & Steel Manufacturing in the US, and Iron Ore Mining in the US industries.
Strengths
Days Receivables: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
  • AAAAA
  • AAAAA
  • AAAAA
Threats
  • AAAAA
  • AAAAA
  • AAAAA

error_outline To view Cleveland-Cliffs Inc.'s full SWOT analysis, see purchase options.

Cleveland-Cliffs Inc. - Financial Statements & Ratios

pie_chartCleveland-Cliffs Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue20,444.05,354.01,990.02,332.01,866.01,554.5
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartCleveland-Cliffs Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents48.0112.0353.0823.2978.3312.8
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartCleveland-Cliffs Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income3,033.0-81.0293.01,128.0363.1199.3
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

error_outline To view all financial data for Cleveland-Cliffs Inc., see purchase options.

GET INSTANT ACCESS WITH MEMBERSHIP PLUS

100% Money Back Guarantee Digicert Trusted

BENCHMARKING PRO

What's Inside
Benchmarking Pro?

Available with US Membership Plus packages, this suite of company and industry data:

Benchmarks companies against industry averages or like-sized segments, as well as close competitors
Identifies real-world strengths, opportunites, weaknesses and threats
Reveals growth opportunities or red flags in a business growth strategy

Included in Report

  • Enterprise History & Synopsis
    Enterprise History & Synopsis
  • Enterprise Financial Statements
    Company Financial Statements
  • Financial Ratios
    Industry Market Share Breakdown
  • Industry Averages
    Industry Competitor Matrix
  • Competitive Landscape
    SWOT Analysis
  • Key Enterprise Personnel
    Products and Services
  • Subsidiaries & Ownership Structure
    Key Company Benchmarks

Why purchase access to Benchmarking Pro?

This profile on Cleveland-Cliffs Inc. includes:

  • Company Overview
  • Company Revenue and Employee Data
  • Company Financial Statements
  • Industry Market Share Breakdown
  • Industry Competitor Matrix
  • SWOT Analysis
  • Products and Services
  • Key Company Benchmarks
  • Interconnected Competitor Profiles and Industry Reports
  • Full Access to Benchmarking Pro

The IBISWorld Benchmarking Pro solution enables you to:

  • Understand an enterprise’s competitive landscape and how they perform within a like-sized industry segment.
  • Benchmark companies against industry averages, segment averages and their competitors.
  • Identify real-world strengths, opportunities, weaknesses and threats for companies.
  • Target growth opportunities or spot red flags in a business growth strategy.
  • Toggle between company profiles and industry reports for a 360 degree view of a company's position.

IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal