CLF
- Cleveland-Cliffs Inc.
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Overview
Company Summary
Cleveland-Cliffs Inc. (CLF) is a mining and natural resources company based in Cleveland, Ohio. The company primarily focuses on the production and supply of iron ore pellets, which are essential raw materials for the steel industry.
CLF is one of the largest vertically integrated producers of differentiated iron ore and steel in North America. Its mining operations involve extracting iron ore from mines located in the Great Lakes region, such as the Tilden Mine in Michigan and the United Taconite Mine in Minnesota. The company also owns and operates the Northshore Mining operation in Minnesota.
After the ore is extracted, CLF processes it into iron ore pellets. These pellets are then used in blast furnaces to produce steel. CLF's high-quality pellets contain a higher iron content than other forms of iron ore, making them desirable for steel production.
In addition to iron ore mining, CLF also operates various steel mills and finishing facilities. These facilities allow the company to produce and supply different types of steel products, including hot-rolled, cold-rolled, and coated sheets. By integrating its mining and steelmaking operations, CLF is able to control the production process from raw materials to finished products, enhancing efficiency and cost-effectiveness.
CLF's customers primarily include integrated steel producers, as well as steel consumers across various industries such as automotive, construction, and manufacturing. The company's iron ore and steel products are primarily sold in the United States, making it a key supplier to the domestic steel industry.
Overall, Cleveland-Cliffs Inc. plays a crucial role in the mining and steel industry by providing essential raw materials and steel products to support diverse industries and infrastructure development across the United States.