Basic Materials - Steel - NYSE - US
$ 11.04
-3.66 %
$ 5.45 B
Market Cap
-12.27
P/E
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan.[ Read More ]
The intrinsic value of one CLF stock under the base case scenario is HIDDEN Compared to the current market price of 11 USD, Cleveland-Cliffs Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CLF
FINANCIALS
22 B
REVENUE
677 M
OPERATING INCOME
450 M
NET INCOME
2.27 B
OPERATING CASH FLOW
-591 M
INVESTING CASH FLOW
-1.5 B
FINANCING CASH FLOW
4.57 B
REVENUE
-259 M
OPERATING INCOME
-209 M
NET INCOME
-84 M
OPERATING CASH FLOW
-146 M
INVESTING CASH FLOW
159 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Cleveland-Cliffs Inc.
| Current Assets | 6.64 B |
| Cash & Short-Term Investments | 198 M |
| Receivables | 1.84 B |
| Other Current Assets | 4.6 B |
| Non-Current Assets | 10.9 B |
| Long-Term Investments | 123 M |
| PP&E | 8.9 B |
| Other Non-Current Assets | 1.88 B |
| Current Liabilities | 3.51 B |
| Accounts Payable | 2.1 B |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.41 B |
| Non-Current Liabilities | 5.91 B |
| Long-Term Debt | 3.5 B |
| Other Non-Current Liabilities | 2.41 B |
EFFICIENCY
Earnings Waterfall
Cleveland-Cliffs Inc.
| Revenue | 22 B |
| Cost Of Revenue | 20.6 B |
| Gross Profit | 1.39 B |
| Operating Expenses | 577 M |
| Operating Income | 677 M |
| Other Expenses | 227 M |
| Net Income | 450 M |
RATIOS
6.32%
GROSS MARGIN
3.08%
OPERATING MARGIN
1.81%
NET MARGIN
5.06%
ROE
2.28%
ROA
4.62%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cleveland-Cliffs Inc.
| Net Income | 450 M |
| Depreciation & Amortization | 973 M |
| Capital Expenditures | -646 M |
| Stock-Based Compensation | 41 M |
| Change in Working Capital | 786 M |
| Others | -101 M |
| Free Cash Flow | 1.62 B |
Wall Street Analysts Price Targets
Cleveland-Cliffs Inc.
Wall Street analysts predict an average 1-year price target for CLF of $19.8 , with forecasts ranging from a low of $10.1 to a high of $27.2 .
CLF Lowest Price Target
Wall Street Target
10.1 USD
-8.24%
CLF Average Price Target
Wall Street Target
19.8 USD
79.04%
CLF Highest Price Target
Wall Street Target
27.2 USD
146.38%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.06 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Cleveland-Cliffs Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
535 K USD 1
6-9 MONTHS
5.51 M USD 5
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
730 K USD 4
3-6 MONTHS
1.47 M USD 3
6-9 MONTHS
506 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 months ago
Aug 01, 2024
|
Bought 116 K USD
|
BALDWIN JOHN T
Director |
+ 8000
|
14.53 USD |
|
5 months ago
Jun 11, 2024
|
Sell 535 K USD
|
Taylor Douglas C
Director |
- 36000
|
14.8673 USD |
|
5 months ago
Jun 13, 2024
|
Bought 295 K USD
|
MICHAEL RALPH S III
Director |
+ 20000
|
14.74 USD |
|
5 months ago
Jun 13, 2024
|
Bought 110 K USD
|
BALDWIN JOHN T
Director |
+ 7500
|
14.7029 USD |
|
5 months ago
Jun 12, 2024
|
Bought 100 K USD
|
Oren Ben
Director |
+ 6700
|
14.9851 USD |
|
5 months ago
Jun 12, 2024
|
Bought 109 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 7250
|
14.985 USD |
|
6 months ago
May 01, 2024
|
Bought 1.01 M USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 60000
|
16.7611 USD |
|
6 months ago
May 01, 2024
|
Bought 425 K USD
|
Bloom Ron A.
Director |
+ 25000
|
16.995 USD |
|
8 months ago
Mar 13, 2024
|
Sell 133 K USD
|
GREEN SUSAN MIRANDA
Director |
- 6500
|
20.4001 USD |
|
8 months ago
Mar 06, 2024
|
Sell 554 K USD
|
Fedor Terry G.
EVP, Operations |
- 27430
|
20.19 USD |
|
8 months ago
Mar 06, 2024
|
Sell 488 K USD
|
Graham James D
EVP Chief Legal Admin & Sec |
- 24154
|
20.19 USD |
|
8 months ago
Mar 06, 2024
|
Sell 554 K USD
|
Smith Clifford T
EVP & President, CC Steel |
- 27430
|
20.19 USD |
|
8 months ago
Mar 06, 2024
|
Sell 3.78 M USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
- 187136
|
20.19 USD |
|
8 months ago
Mar 06, 2024
|
Bought 40 K USD
|
Yocum Arlene M
Director |
+ 2000
|
20.025 USD |
|
9 months ago
Feb 01, 2024
|
Bought 506 K USD
|
Bloom Ron A.
Director |
+ 25000
|
20.2438 USD |
|
1 year ago
May 02, 2023
|
Bought 150 K USD
|
MICHAEL RALPH S III
Director |
+ 10000
|
14.9592 USD |
|
1 year ago
May 01, 2023
|
Bought 98.7 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 6500
|
15.1842 USD |
|
1 year ago
Apr 28, 2023
|
Bought 22.7 K USD
|
Yocum Arlene M
Director |
+ 1500
|
15.1351 USD |
|
1 year ago
Apr 27, 2023
|
Bought 109 K USD
|
Koci Keith
EVP & President, CC Services |
+ 7300
|
14.8696 USD |
|
1 year ago
Apr 27, 2023
|
Bought 1.5 M USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 100000
|
14.9635 USD |
|
1 year ago
Mar 07, 2023
|
Sell 893 K USD
|
Taylor Douglas C
Director |
- 42000
|
21.2518 USD |
|
1 year ago
Mar 03, 2023
|
Sell 197 K USD
|
GREEN SUSAN MIRANDA
Director |
- 8700
|
22.6603 USD |
|
2 years ago
Sep 08, 2022
|
Bought 24.9 K USD
|
Miller Janet L
director: |
+ 1425
|
17.4494 USD |
|
2 years ago
Aug 17, 2022
|
Bought 111 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 6000
|
18.4299 USD |
|
2 years ago
Aug 16, 2022
|
Bought 96.8 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 5000
|
19.3599 USD |
|
2 years ago
Jun 07, 2022
|
Sell 498 K USD
|
Taylor Douglas C
director: |
- 21850
|
22.7693 USD |
|
2 years ago
Jun 07, 2022
|
Sell 651 K USD
|
Taylor Douglas C
Director |
- 28150
|
23.1232 USD |
|
2 years ago
May 11, 2022
|
Bought 103 K USD
|
Koci Keith
EVP & President, CC Services |
+ 4600
|
22.3782 USD |
|
2 years ago
Apr 29, 2022
|
Bought 105 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 4000
|
26.315 USD |
|
2 years ago
Apr 26, 2022
|
Bought 122 K USD
|
Koci Keith
EVP & President, CC Services |
+ 4500
|
27.135 USD |
|
2 years ago
Feb 16, 2022
|
Bought 24.9 K USD
|
Miller Janet L
Director |
+ 1255
|
19.8794 USD |
|
2 years ago
Dec 13, 2021
|
Bought 99.6 K USD
|
Fisher Robert P Jr
Director |
+ 5000
|
19.9196 USD |
|
2 years ago
Dec 10, 2021
|
Bought 201 K USD
|
MICHAEL RALPH S III
Director |
+ 10000
|
20.106 USD |
|
2 years ago
Dec 01, 2021
|
Bought 988 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 50000
|
19.765 USD |
|
2 years ago
Nov 30, 2021
|
Bought 101 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 5000
|
20.1257 USD |
|
2 years ago
Nov 29, 2021
|
Bought 106 K USD
|
Goncalves Celso L Jr
EVP, CFO |
+ 5000
|
21.179 USD |
|
2 years ago
Nov 19, 2021
|
Bought 218 K USD
|
Koci Keith
EVP & President, CC Services |
+ 10000
|
21.827 USD |
|
3 years ago
Jun 10, 2021
|
Sell 299 K USD
|
BALDWIN JOHN T
Director |
- 12800
|
23.383 USD |
|
3 years ago
Jun 11, 2021
|
Sell 171 K USD
|
BALDWIN JOHN T
Director |
- 7200
|
23.751 USD |
|
3 years ago
May 18, 2021
|
Sell 367 K USD
|
GREEN SUSAN MIRANDA
Director |
- 18000
|
20.3875 USD |
|
3 years ago
May 14, 2021
|
Bought 24.9 K USD
|
Miller Janet L
Director |
+ 1280
|
19.485 USD |
|
3 years ago
Mar 05, 2021
|
Bought 202 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 15000
|
13.449 USD |
|
3 years ago
Feb 11, 2021
|
Sell 645 M USD
|
ArcelorMittal
|
- 40000000
|
16.12 USD |
|
4 years ago
Mar 13, 2020
|
Bought 22.1 K USD
|
HARLAN M ANN
Director |
+ 5000
|
4.42 USD |
|
4 years ago
Mar 12, 2020
|
Bought 102 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 25000
|
4.0899 USD |
|
4 years ago
Mar 12, 2020
|
Bought 40 K USD
|
Fisher Robert P Jr
Director |
+ 10000
|
4 USD |
|
4 years ago
Mar 11, 2020
|
Bought 22.2 K USD
|
Miller Janet L
Director |
+ 5000
|
4.4491 USD |
|
4 years ago
Mar 11, 2020
|
Bought 44.3 K USD
|
BALDWIN JOHN T
Director |
+ 10000
|
4.43 USD |
|
4 years ago
Mar 11, 2020
|
Bought 898 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 200000
|
4.4913 USD |
|
4 years ago
Dec 06, 2019
|
Bought 74.8 K USD
|
Miller Janet L
Director |
+ 9090
|
8.2292 USD |
|
4 years ago
Dec 09, 2019
|
Bought 104 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 12800
|
8.11 USD |
|
4 years ago
Dec 05, 2019
|
Bought 38.9 K USD
|
Fisher Robert P Jr
Director |
+ 5000
|
7.7813 USD |
|
5 years ago
Sep 05, 2019
|
Bought 65.4 K USD
|
BALDWIN JOHN T
Director |
+ 9000
|
7.27 USD |
|
5 years ago
Aug 28, 2019
|
Bought 23.1 K USD
|
Rychel Eric M
Director |
+ 3000
|
7.6966 USD |
|
5 years ago
Aug 23, 2019
|
Bought 30 K USD
|
HARLAN M ANN
Director |
+ 3721
|
8.0586 USD |
|
5 years ago
Aug 23, 2019
|
Bought 21.9 K USD
|
HARLAN M ANN
Director |
+ 2721
|
8.0586 USD |
|
5 years ago
Aug 22, 2019
|
Bought 57.9 K USD
|
BALDWIN JOHN T
Director |
+ 7000
|
8.27 USD |
|
5 years ago
Aug 22, 2019
|
Bought 101 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 12500
|
8.0799 USD |
|
5 years ago
Aug 08, 2019
|
Bought 26.5 K USD
|
Fisher Robert P Jr
Director |
+ 3000
|
8.84 USD |
|
5 years ago
Aug 08, 2019
|
Bought 52.2 K USD
|
BALDWIN JOHN T
Director |
+ 6000
|
8.7 USD |
|
5 years ago
Aug 07, 2019
|
Bought 252 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 30000
|
8.3894 USD |
|
5 years ago
Jun 10, 2019
|
Bought 93.6 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 10000
|
9.3597 USD |
|
5 years ago
Jun 03, 2019
|
Bought 26.7 K USD
|
Fisher Robert P Jr
Director |
+ 3000
|
8.915 USD |
|
5 years ago
May 22, 2019
|
Bought 48.2 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 5000
|
9.65 USD |
|
5 years ago
May 13, 2019
|
Bought 48.5 K USD
|
Rychel Eric M
Director |
+ 5000
|
9.7 USD |
|
5 years ago
May 01, 2019
|
Bought 73.2 K USD
|
SIEGAL MICHAEL D
Director |
+ 7500
|
9.76 USD |
|
5 years ago
Mar 06, 2019
|
Sell 128 K USD
|
GREEN SUSAN MIRANDA
Director |
- 12700
|
10.06 USD |
|
5 years ago
Feb 27, 2019
|
Bought 104 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 9000
|
11.52 USD |
|
5 years ago
Feb 15, 2019
|
Bought 35.9 K USD
|
Koci Keith
EVP, Chief Financial Officer |
+ 3200
|
11.23 USD |
|
6 years ago
Apr 27, 2018
|
Bought 37.4 K USD
|
Rychel Eric M
Director |
+ 5000
|
7.4755 USD |
|
6 years ago
Mar 06, 2018
|
Sell 86.2 K USD
|
GREEN SUSAN MIRANDA
Director |
- 11305
|
7.6225 USD |
|
7 years ago
Sep 15, 2017
|
Bought 711 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 100000
|
7.1123 USD |
|
7 years ago
Aug 10, 2017
|
Bought 719 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 100000
|
7.1918 USD |
|
7 years ago
May 02, 2017
|
Bought 24.8 K USD
|
Taylor Douglas C
Director |
+ 3750
|
6.6055 USD |
|
7 years ago
May 03, 2017
|
Bought 37.9 K USD
|
BALDWIN JOHN T
Director |
+ 6000
|
6.317 USD |
|
7 years ago
May 03, 2017
|
Bought 1.26 M USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 200000
|
6.3137 USD |
|
7 years ago
May 01, 2017
|
Bought 19.6 K USD
|
Rychel Eric M
Director |
+ 3000
|
6.5495 USD |
|
7 years ago
Apr 28, 2017
|
Bought 34.3 K USD
|
SIEGAL MICHAEL D
Director |
+ 5000
|
6.8588 USD |
|
7 years ago
Apr 28, 2017
|
Bought 49 K USD
|
Stoliar Gabriel
Director |
+ 7100
|
6.9 USD |
|
7 years ago
Apr 28, 2017
|
Bought 27.3 K USD
|
Fisher Robert P Jr
Director |
+ 4000
|
6.8285 USD |
|
7 years ago
Apr 28, 2017
|
Bought 16.9 K USD
|
RUTKOWSKI JOSEPH A
Director |
+ 2500
|
6.7701 USD |
|
8 years ago
Nov 03, 2016
|
Bought 22.6 K USD
|
Fisher Robert P Jr
Director |
+ 4000
|
5.6594 USD |
|
8 years ago
Nov 02, 2016
|
Bought 27.8 K USD
|
Rychel Eric M
Director |
+ 5000
|
5.55 USD |
|
8 years ago
Nov 01, 2016
|
Bought 10 K USD
|
GREEN SUSAN MIRANDA
Director |
+ 1769.558
|
5.65 USD |
|
8 years ago
Oct 31, 2016
|
Bought 54.9 K USD
|
BALDWIN JOHN T
Director |
+ 10000
|
5.49 USD |
|
8 years ago
Oct 28, 2016
|
Bought 13.6 K USD
|
Taylor Douglas C
Director |
+ 2500
|
5.4303 USD |
|
8 years ago
Oct 28, 2016
|
Bought 54.3 K USD
|
Taylor Douglas C
Director |
+ 10000
|
5.4342 USD |
|
8 years ago
Oct 28, 2016
|
Bought 31.9 K USD
|
RUTKOWSKI JOSEPH A
Director |
+ 6000
|
5.3159 USD |
|
8 years ago
May 09, 2016
|
Bought 304 K USD
|
GONCALVES LOURENCO
Chairman, President & CEO |
+ 100000
|
3.0432 USD |
|
8 years ago
May 04, 2016
|
Sell 2.55 M USD
|
Taylor Douglas C
Director |
- 576470
|
4.4185 USD |
|
8 years ago
May 05, 2016
|
Sell 8.15 M USD
|
Taylor Douglas C
Director |
- 2058681
|
3.9585 USD |
|
8 years ago
May 06, 2016
|
Sell 16.9 M USD
|
Taylor Douglas C
Director |
- 4596369
|
3.6679 USD |
|
8 years ago
Feb 01, 2016
|
Bought 0 USD
|
SIEGAL MICHAEL D
Director |
+ 2263
|
0 USD |
|
8 years ago
Feb 01, 2016
|
Sell 0 USD
|
SIEGAL MICHAEL D
Director |
- 2500
|
0 USD |
7. News
Here is What to Know Beyond Why Cleveland-Cliffs Inc. (CLF) is a Trending Stock
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
zacks.com
- 1 week ago
Shares of Companies with Big Merger Plans Jump After Trump Election
Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of companies hoping to get regulatory approval for their mergers.
investopedia.com
- 1 week ago
Cleveland-Cliffs' Q3 Earnings and Revenues Miss Estimates
Lower average net selling price and reduced sales volumes for steel products weigh on CLF's Q3 performance.
zacks.com
- 1 week ago
Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Cleveland-Cliffs Inc. remains a "Buy" despite recent declines, driven by long-term growth potential, strategic focus, and attractive valuation. The company's Q3 2024 performance was weak due to automotive industry struggles, but the Stelco acquisition is expected to enhance EBITDA margins and operational flexibility. Management's conservative capital spending and cost-saving initiatives position CLF well for future growth, with a focus on debt reduction and strategic investments.
seekingalpha.com
- 1 week ago
Cleveland-Cliffs (CLF) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cleveland-Cliffs (CLF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 1 week ago
Cleveland-Cliffs shares drop as steel market pressures weigh on Q3 earnings
Cleveland-Cliffs Inc. (NYSE:CLF) shares slipped more than 10% after its latest quarterly earnings highlighted pressures in the steel market. During the third quarter of 2024, the company saw a decline in EBITDA, increased net debt, and a reduction in capital expenditure plans amid challenging conditions in the automotive sector.
proactiveinvestors.com
- 1 week ago
Cleveland-Cliffs' Q3 Shortfall Linked To Automotive Adjustments; Analysts Await Stelco Integration Insights
Cleveland-Cliffs Inc. CLF shares are trading lower on Tuesday following weak third-quarter results reported on Tuesday.
benzinga.com
- 1 week ago
Why Cleveland-Cliffs Stock Sank Today
The auto sector is hurting Cleveland-Cliffs right now.
fool.com
- 1 week ago
Cleveland-Cliffs Earnings Show Why Both Trump and Harris Are Wrong on the U.S. Steel Merger
Smaller commodity producers have a tough time staying profitable during downturns.
barrons.com
- 1 week ago
Cleveland-Cliffs Inc. (CLF) Q3 2024 Earnings Call Transcript
Cleveland-Cliffs Inc. (NYSE:CLF ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Lourenco Goncalves - Chairman, President & CEO Celso Goncalves - EVP & CFO Conference Call Participants Lucas Pipes - B. Riley Securities Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley William Peterson - JPMorgan Alexander Hacking - Citigroup Chris LaFemina - Jefferies Philip Gibbs - KeyBanc Capital Markets Operator Good morning, ladies and gentlemen.
seekingalpha.com
- 1 week ago
Steel Stock Slides as Results Disappoint
Cleveland-Cliffs Inc (NYSE:CLF) stock is plummeting today, down 11.3% at $11.63 at last glance, after the company's disappointing third-quarter report.
schaeffersresearch.com
- 1 week ago
Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact
As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
benzinga.com
- 1 week ago
8. Profile Summary
Cleveland-Cliffs Inc. CLF
COUNTRY
US
INDUSTRY
Steel
MARKET CAP
$ 5.45 B
Dividend Yield
0.00%
Description
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
Contact
200 Public Square, Cleveland, OH, 44114-2315
https://www.clevelandcliffs.com
IPO Date
Nov. 5, 1987
Employees
30000
Officers
Mr. Terry G. Fedor
Executive Vice President of Operations
Mr. Wendell L. Carter
Executive Vice President of Technology
Mr. Clifford T. Smith
Executive Vice President & President of Cleveland-Cliffs Steel
Ms. Kimberly A. Floriani
Senior Vice President, Corporate Controller & Chief Accounting Officer
Mr. Robert H. Fischer
Executive Vice President of Human Resources & Labor Relations
Ms. Traci L. Forrester
Executive Vice President of Environmental & Sustainability
Mr. Celso L. Goncalves Jr.
Executive Vice President & Chief Financial Officer
Ms. Patricia Persico
Director of Corporate Communications
Paul Finan
Vice President of Investor Relations
Mr. C. Lourenco Goncalves
Chairman, President & Chief Executive Officer