Cliffs Overview

Metals/miningCompany

Where is Cliffs headquartered?

Cliffs is headquartered in Cleveland, Ohio.

What is Cliffs’ revenue?

Cliffs disclosed revenue of 19,185M USD for 2024 and 21,996M USD for 2023.

How many employees does Cliffs have?

Cliffs has 30,000 employees.

What sector is Cliffs in?

Cliffs is a metals/mining company.

When was Cliffs founded?

Cliffs was founded in 1847.

Cliffs

Cleveland-Cliffs, Inc.

200 Public Square, Suite 3300,
Cleveland, Ohio 44114
United States,
(216) 694-5700
www.clevelandcliffs.com

Cliffs is the largest and oldest independent iron ore mining company in the United States. Cleveland-Cliffs, Inc. is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. By 2020, Cleveland-Cliffs expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region with the development of its first production plant in Toledo, Ohio. Driven by the core values of safety, social, environmental and capital stewardship, Cleveland-Cliffs’ employees endeavor to provide all stakeholders with operating and financial transparency. Cleveland-Cliffs Inc. Cliffs was incorporated in 1847 and is based in Cleveland, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 2 1 - - 1 - 4
vol $4.4B $775M $2.6B $7.8B
Sell (0.0/yr) # - - - - - - 0
  4

Top M&A Advisors

Financial Deals
Moelis & Co.
2
Credit Suisse Investment Banking
1
Wells Fargo Securities
1
Legal Deals
Davis Polk & Wardwell
1
Blake, Cassels & Graydon
1
Jones Day
1

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