Description
Cleveland-Cliffs is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. It is the largest flat-rolled steel producer in North America.
Operations
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as DR-grade pellets for use in direct reduced iron applications. Since the mines are located near the Great Lakes, the majority of the pellets are transported by rail to loading ports for shipments via vessel to steelmakers in North America. During 2020, 2019 and 2018, the company sold 12 million, 19 million and 21 million long tons of iron ore product, respectively, to third parties.
The company operates a hot-briquetted iron (HBI) facility in Toledo, Ohio. HBI is a form of direct reduced iron that can be used as an alternative to scrap iron. When used as a feedstock, HBI can enable an electric arc furnace to produce more valuable grades of steel.
It also operates three cokemaking facilities in Monessen, Pennsylvania, Warren, Ohio, and Follansbee, West Virginia, with an annual capacity of 3.9 million tons, as well as a coal mine in Princeton, West Virginia.
The company operates many fully-integrated steel mills and finishing facilities in Kentucky, Indiana, Illinois, Ohio, Michigan, Pennsylvania, West Virginia, and North Carolina. It has annual production capacity of approximately 23 million net tons of raw steel.
