Cleveland-Cliffs Inc.CLF

$12.28-0.40 (-3.15%)
NYSEBasic Materials24:00 UTC

Company snapshot

Market Cap
$7B
Mid-cap
+775%
2016 — today
10-Year Price
+167%
2016 — today
52-Week Range
$6.92$16.18
Current $12.28· 58%

Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.

Valuation in context

P/E ratio
-5.1
N/A
Not meaningful — company is unprofitable
P/B ratio
1.2
Above average
Pricier than usual over the last 10 years
EV / EBITDA
67.5
Near historic high
Near historic highs — last 10 years
FCF Yield
-14.4%
Historically low
Historically low relative to the last 10 years
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