Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products; plates; and grain oriented and non-oriented electrical steel products, as well as slab, scrap, iron ore, coal, and coke. 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; 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. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Steel Market Shifts | Explore how recent trends in steel pricing and production are reshaping the industry landscape, impacting Cleveland-Cliffs' market position and growth potential |
Competitive Pressures | Delve into the intensifying competition in the automotive sheet segment and rising steel imports, challenging Cleveland-Cliffs' market share and pricing powe |
Financial Outlook | Analysts set an $18 price target, reflecting concerns about Cleveland-Cliffs' elevated valuation amid industry headwinds and strategic shifts |
Strategic Decisions | Uncover Cleveland-Cliffs' focus on M&A and capital expenditures, balancing growth ambitions with the need for operational efficiency in a dynamic market |
Metrics to compare | CLF | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipCLFPeersSector | |
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P/E Ratio | −13.3x | −12.0x | −0.2x | |
PEG Ratio | 0.05 | 0.12 | 0.00 | |
Price/Book | 0.9x | 1.5x | 1.6x | |
Price / LTM Sales | 0.3x | 1.1x | 1.3x | |
Upside (Analyst Target) | 4.4% | 20.9% | 28.4% | |
Fair Value Upside | Unlock | 16.1% | 2.2% | Unlock |