Analyst Report: Cleveland-Cliffs Inc
Cleveland-Cliffs Inc. is an independent iron ore mining company with both domestic and international operations. The company has three iron ore mines, the Tilden mine in Michigan, and the Northshore and United Taconite mines in Minnesota, as well as a 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products for the automotive, infrastructure, and manufacturing markets. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs was founded in 1847 and is headquartered in Cleveland, Ohio. The company has 25,000 employees. CLF shares are a component of the S&P 400 Mid-Cap Index.