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Cleveland cliffs Inc   (CLF)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $16.9100 $-0.01 -0.059%
Day's High: $17.16 Week Perf: -4.52 %
Day's Low: $ 16.89 30 Day Perf: -7.24 %
Volume (M): 306 52 Wk High: $ 22.97
Volume (M$): $ 5,161 52 Wk Avg: $17.58
Open: $17.16 52 Wk Low: $13.61



 Market Capitalization (Millions $) 8,093
 Shares Outstanding (Millions) 479
 Employees 5,386
 Revenues (TTM) (Millions $) 21,900
 Net Income (TTM) (Millions $) 439
 Cash Flow (TTM) (Millions $) -29
 Capital Exp. (TTM) (Millions $) 640

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 grew by CLF's Customers Net Profit Margin grew to

18.49 %

11.17 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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ACI   -1.31%    
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RS        2.16% 
• View Complete Report
   



Business Update

Cleveland-Cliffs forges ahead in Emissions Reduction and Transparent Steel Pricing

Published Fri, May 24 2024 12:47 PM UTC

Cleveland-Cliffs Leads the Charge in Greenhouse Gas Emissions Reduction and Pricing Transparency for Steel IndustryIn an era where sustainable practices and pricing transparency are at the forefront of consumer demands, Cleveland-Cliffs Inc. (NYSE: CLF) is making significant strides. The company recently announced new greenhouse gas (GHG) emissions reduction goals, surpassin...

Business Update

Navigating Rough Waters: Cleveland-Cliffs Counters U.S. Steel Allegations Amid Market Challenges'

Published Tue, May 21 2024 6:47 PM UTC

Cleveland-Cliffs Addresses U.S. Steel's Allegations Amidst Challenging Market Conditions'Cleveland, May 21, 2024' - Cleveland-Cliffs Inc. (NYSE: CLF) responded firmly today to allegations from U.S. Steel's Board concerning the latter's failed attempt to sell the company to a foreign buyer without union support. Lourenco Goncalves, Chairman, President, and CEO of Cleveland-C...

Business Update

Cleveland-Cliffs Announces Price Increases, Monthly Pricing And Potential Merger Plans Amid Global Steel Industry Consolidation.

Published Fri, Apr 26 2024 1:47 PM UTC

Cleveland-Cliffs Inc. (NYSE: CLF), North America's largest flat-rolled steel producer, has announced a series of strategy updates including publishing a monthly Cliffs Hot Rolled Market Price, potential acquisition of U.S. Steel, and a price increase for all carbon hot rolled, cold rolled and coated steel products. In response to industry trends and customers' feedback, Clev...

Cleveland Cliffs Inc

Cleveland-Cliffs Inc Faces Revenue Decline in Q1 2024, Implements Strategies for Future Growth



Cleveland-Cliffs Inc, North America's largest flat-rolled steel producer, recently reported its financial results for the first quarter of 2024. The company faced a decline in its business, resulting in a deficit and a decrease in revenue. However, Cleveland-Cliffs remains optimistic and has outlined various strategies to counter these challenges and set a path for future growth.
Financial Analysis:
In the financial span ending March 31, 2024, Cleveland-Cliffs Inc experienced a decline in revenue by 1.813%, amounting to $5.20 billion. The deficit per share increased from $-0.11 to $-0.14 compared to the same quarter a year prior. However, there was an improvement from the previous quarter, with income per share increasing from $-0.30 to $-0.14. Additionally, revenue improved by 1.702% from $5.11 billion in the preceding quarter.

Business Update

Cleveland-Cliffs Implements Strategic Price Increase for Carbon Steel Products to Offset Rising Costs and Maintain Industry Leadership

Published Wed, Mar 27 2024 1:21 PM UTC

Cleveland-Cliffs Boosts Prices for Hot Rolled, Cold Rolled, and Coated Steel Products Cleveland-Cliffs Inc. (NYSE: CLF), the largest flat-rolled steel producer in North America, recently announced a significant price increase for all carbon hot rolled, cold rolled, and coated steel products. The company has raised its current spot market base prices by $60 per net ton, effec...






 

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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