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Cleveland cliffs Inc   (CLF)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $20.0700 $0.31 1.569%
Day's High: $20.09 Week Perf: -1.95 %
Day's Low: $ 19.85 30 Day Perf: 0.45 %
Volume (M): 533 52 Wk High: $ 21.47
Volume (M$): $ 10,610 52 Wk Avg: $16.97
Open: $19.55 52 Wk Low: $13.61



 Market Capitalization (Millions $) 10,267
 Shares Outstanding (Millions) 512
 Employees 5,386
 Revenues (TTM) (Millions $) 21,996
 Net Income (TTM) (Millions $) 450
 Cash Flow (TTM) (Millions $) 172
 Capital Exp. (TTM) (Millions $) 646

Cleveland Cliffs Inc

Cliffs Natural Resources Inc. traces its corporate history back to 1847. Today, we are an international mining and natural resources company. We are the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia, and a significant producer of metallurgical coal. With core values of environmental and capital stewardship, our colleagues across the globe endeavor to provide all stakeholders operating and financial transparency as embodied in the GRI framework. Our company is organized according to product category and geographic location: North American Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal and Latin American Iron Ore.

In North America, we operate six iron ore mines in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. Our Asia Pacific operations include full ownership of Portman, which is comprised of two iron ore mining complexes in Western Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore, and a 45 percent economic interest in Sonoma, a coking and thermal coal mine located in Queensland, Australia. In Latin America, we have a 30 percent interest in Amapá, a Brazilian iron ore project, as well as a number of smaller greenfield projects not yet in production.

Over recent years, we have been executing a strategy designed to achieve scale in the mining industry and focused on serving the world’s largest and fastest growing steel markets.

Our company is organized and managed according to product category and geographic location: North American Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal and Latin American Iron Ore. The Asia Pacific Coal and Latin American Iron Ore businesses, which are in the early stages of production, do not meet the criteria for reportable segments, and therefore, we have a total of three reportable segments.

All North American business segments are headquartered in Cleveland, Ohio. Offices in Duluth, Minnesota, have shared services groups supporting the North American business segments. Our Technology Group is located in Ishpeming, Michigan. Our Asia Pacific headquarters are located in Perth, Australia, and our Latin American headquarters are located in Rio de Janeiro, Brazil. Cliffs International Mineração Brasil, Ltda and Cliffs Natural Resources Pty Ltd, formerly known as Cliffs Asia-Pacific Pty Limited, provide technical and administrative support for our assets in Latin America and Australia, respectively, as well as new business development services in these regions.

Competition

Throughout the world, we compete with major and junior mining companies, as well as metals companies, both of which produce steelmaking raw materials, including iron ore and metallurgical coal.

North America

In our North American Iron Ore business segment, we sell our product primarily to steel producers with operations in North America. We compete directly with the Iron Ore Company of Canada, ArcelorMittal Mines Canada and U.S. Steel, as well as other steel companies that own interests in iron ore mines that may have excess iron ore inventories.

In the coal industry, our North American Coal business segment competes with many metallurgical coal producers of various sizes, including Alpha Natural Resources, Inc., Patriot Coal Corporation, CONSOL Energy Inc., Arch Coal, Inc., Massey Energy Company, Jim Walter Resources, Inc., Peabody Energy Corp., United Coal Group Company and other producers located in North America and globally.

The North American coal industry remains highly fragmented and competitive, with CONSOL, Massey, Peabody, Alpha and Alliance Resource Partners representing the five largest producers. A number of factors beyond our control affect the markets in which we sell our coal. Continued demand for our coal and the prices obtained by us depend primarily on the coal consumption patterns of the steel industry in the United States and elsewhere around the world as well as the availability, location, cost of transportation and price of competing coal. Coal consumption patterns are affected primarily by demand, environmental and other governmental regulations, and technological developments. The most important factors on which we compete are delivered price, coal quality characteristics such as heat value, sulfur, ash and moisture content, and reliability of supply. Metallurgical coal, which is primarily used to make coke, a key component in the steelmaking process, generally sells at a premium over steam coal due to its higher quality and value in the steelmaking process.



   Company Address: 200 Public Square, Cleveland, 44114 OH
   Company Phone Number: 694-5700   Stock Exchange / Ticker: NYSE CLF
   


Customers Net Income fell by CLF's Customers Net Profit Margin fell to

-48.01 %

3.63 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MUX        1.93% 
TRER        1.93% 
ACI   -0.57%    
CNXC   -6.25%    
RS        0.85% 
STLD        6.57% 
• View Complete Report
   



Financing Agreement

Cleveland-Cliffs Announces Successful Completion of Tender Offer with Impressive Employee Productivity Growth

Published Mon, Mar 18 2024 1:30 PM UTC


Cleveland-Cliffs Inc. (NYSE: CLF) has recently announced the successful expiration and final results of its offer to purchase its outstanding 6.750% Senior Secured Notes due 2026. With a total purchase of $639,737,000 in principal amount of the Notes, the company has shown strong financial performance and commitment to managing its debt.
In addition, Cleveland-Cliff...

Product Service News

Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America, has recently made a major announcement regarding price increases for its carbon hot rolled, cold rolled, and coated steel products. The company stated that effective immediately with all new orders, it will be implementing current spot market base prices for these products. Cleveland-Cliffs' minimum base price for ho...

Published Thu, Mar 7 2024 10:24 PM UTC

Cleveland-Cliffs Announces Significant Price Increase for Hot Rolled, Cold Rolled, and Coated Steel ProductsCleveland-Cliffs Inc., the largest flat-rolled steel producer in North America, has recently made a major announcement regarding price increases for its carbon hot rolled, cold rolled, and coated steel products. The company stated that effective immediately with all ne...

Financing Agreement

Cleveland-Cliffs Initiates Tender Offer to Strengthen Financial Position and Optimize Capital Structure

Published Mon, Mar 4 2024 1:16 PM UTC

Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026
CLEVELAND - Cleveland-Cliffs Inc. (NYSE: CLF), a leading mining and natural resources company, has made an important announcement regarding its financial strategy. The company has commenced a tender offer to purchase any and all of its outstanding 6.750% Senior Secured Not...

Cleveland Cliffs Inc

Cleveland Cliffs Inc. Resilient and Committed to Sustainability, Despite Losses Along the Fourth Quarter of 2023

Cleveland-Cliffs Inc. (NYSE: CLF) recently reported its full-year and fourth-quarter results for the period ended December 31, 2023. Despite facing some challenges, the company showed resilience and demonstrated its commitment to sustainability.
During the October to December 31, 2023 span, CLF experienced a loss of $0.30 per share, an improvement from the loss of $0.41 per share in the previous year. Additionally, earnings per share fell from $0.52 in the preceding quarter. While these numbers indicate some decline, they are not unexpected given the current market conditions.

Product Service News

Cleveland-Cliffs Pioneers Hydrogen Innovation in Steel Production

Published Fri, Jan 26 2024 7:42 PM UTC

Cleveland-Cliffs Inc. is leading the way in revolutionizing the steel industry by successfully completing a hydrogen injection trial at its Indiana Harbor 7 blast furnace, the largest one in North America. This groundbreaking achievement signifies the company's commitment to sustainability and its proactive stance in reducing carbon emissions.Earlier this year, Cleveland-Cli...






 

Cleveland Cliffs Inc's Segments
 
U.S. Iron Ore
 Segment     of total Revenue
Asia Pacific Iron Ore
 Segment     of total Revenue
Total Iron Ore
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Cleveland Cliffs Inc does not provide revenue guidance.

Earnings Outlook
Cleveland cliffs Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
China
Canada
Other countries

Cleveland Cliffs Inc's Operating Statistics Decrease / Increase
       
U.S. Iron Ore Sales (Long Tons 000)   U.S. Iron Ore Sales (Long Tons 000) Decline   
Asia Pacific Iron Ore Sales (Tonnes 000)   Asia Pacific Iron Ore Sales (Tonnes 000) Decline   
Total Iron Ore Sales (Long Tons 000)   Total Iron Ore Sales (Long Tons 000) Decline   
North American Coal Sales (Short Tons 000)   North American Coal Sales (Short Tons 000) Decline   
North American Iron Ore Rev. Per Ton ($)   North American Iron Ore Rev. Per Ton ($) Decline   
Asia Pacific Iron Ore Rev. Per Ton ($)   Asia Pacific Iron Ore Rev. Per Ton ($) Decline   
North American Coal Rev. Per Ton ($)   North American Coal Rev. Per Ton ($) Decline   
U.S. Iron Ore Margin Per Ton ($)   U.S. Iron Ore Margin Per Ton ($) Decline   
Asia Pacific Iron Ore Margin Per Ton ($)   Asia Pacific Iron Ore Margin Per Ton ($) Decline   
North American Coal Margin Per Ton ($)    North American Coal Margin Per Ton ($) Growth   
Eastern Canadian Iron Ore Sales (Tonnes 000)   Eastern Canadian Iron Ore Sales (Tonnes 000) Decline   
Eastern Canadian Iron Ore Rev. Per Ton ($)   Eastern Canadian Iron Ore Rev. Per Ton ($) Decline   
Eastern Canadian Iron Ore Margin Per Ton ($)    Eastern Canadian Iron Ore Margin Per Ton ($) Growth   




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