Cleveland Cavaliers and Cleveland-Cliffs Expand Partnership, Announce Cliffs Jersey Patch on Cavs Jersey The NBA Cleveland Cavaliers and Cleveland-Cliffs Inc. announced an expansion of their existing multi-year marketing agreement to put the Cliffs logo on the Cavs player uniforms beginning with the 2022-23 season. Since 1847, Cliffs has been headquartered in Cleveland and operating in the Great Lakes region. The Company’s headquarters are located downtown, less than a half mile from the home of the Cavaliers, Rocket Mortgage FieldHouse. They have a long-standing relationship with the team and have entitlement branding to one of the marquee north entry points into the glass atrium of the newly transformed and completely modernized FieldHouse. Cliffs is also the only steel company to have a jersey patch partnership within the NBA.
Cleveland-Cliffs Rings NYSE Closing Bell to Celebrate 175th Anniversary Cleveland-Cliffs Inc. rang The Closing Bell at the New York Stock Exchange. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, members of the company’s board of directors and executive management team will participate in the event to celebrate the company’s 175th year anniversary. Lourenco Goncalves said, “For nearly two centuries, Cleveland-Cliffs has been instrumental in building modern society in the United States through the domestic steel industry. Companies with this type of longevity are incredibly rare. Cleveland-Cliffs has achieved this through its resilience, innovation and constant reinvention which has kept the company relevant and adaptive to an ever-changing world for generations.” The Bell Ringing is available at the link below.
Cleveland-Cliffs Ranked 171 on Fortune 500 list for 2022 Cleveland-Cliffs Inc. announced that it was named to the Fortune 500 list for the first time since its transformation from a mining company to become the largest flat-rolled steel company and the largest supplier of steel to the automotive industry in North America. Cleveland-Cliffs’ 2021 revenue of $20.4 billion earned Cleveland-Cliffs the ranking of 171 on the list for 2022, surpassing its previous highest ranking ever of 366 in 2012. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years. Cleveland-Cliffs CEO Lourenco Goncalves was interviewed by Fortune to talk about the ranking, the steel industry, and his future vision for Cliffs. The interview is available on the profile page below.
Cleveland-Cliffs was named to Forbes America's Best Employers for Veterans 2021. Forbes identified the companies liked best by veterans in the workforce. All veterans evaluated their employers' working conditions and approach to diversity and inclusion, as well as whether their work environment is veteran friendly. The 200 companies receiving the highest total scores made the final list. Cleveland-Cliffs is the only steel company on the list. Visit careers.clevelandcliffs.com to find out how you can become a part of our team.
Cleveland-Cliffs Partners with U.S. Department of Energy through Better Climate Challenge Initiative Cleveland-Cliffs has entered into a partnership with the U.S. Department of Energy (DOE) as part of the Better Climate Challenge initiative, a new government-sponsored effort challenging organizations to set ambitious, portfolio-wide GHG emission reduction goals. The initiative provides additional opportunities for peer exchange and technical assistance to meet the urgent call to mitigate the impacts of climate change. As part of the partnership, the DOE will provide technical assistance and opportunities to learn and share actionable best practices for carbon reduction. Through the Better Climate Challenge, Cleveland-Cliffs remains committed to reducing greenhouse gas (GHG) emissions 25% by 2030 from 2017 levels. This goal represents combined Scope 1 (direct) and Scope 2 (indirect) GHG emission reductions on a mass basis across all operations. The Company is also a proud partner of the Better Plants program.
Earn $100K in Your First Year with Cleveland-Cliffs Cleveland-Cliffs employees enjoy competitive compensation packages, benefits, incentive plans, opportunities for advancement, and more. Learn about your future in the steel industry at our Middletown Works Job Fair on Saturday, November 6, from 10 a.m. to 2 p.m. We are hiring: • Operators • Maintenance • Technical Repair • Shift Managers • Engineers • Accountants Job interviews, resume uploads and assessment tests will be available onsite. If you’ve always been curious about working in steel, ask us about our training and apprenticeship offerings. Learn more about the event at our Careers site. Find your future in steel, with Cleveland-Cliffs. https://careers.clevelandcliffs.com/middletownjobfair/
Cleveland-Cliffs Job Fair at Middletown Works Find your future in steel! Cleveland-Cliffs, the largest flat-rolled steel producer in North America, is hiring at our Middletown Works operation in Middletown, OH. We have immediate openings for: • Operators • Maintenance • Technical Repair • Shift Managers • Engineers • Accountants We’re hosting a job fair at Middletown Works on Saturday, November 6 from 10:00 a.m. to 2:00 p.m. ET. Come speak with our representatives about the career paths available to you in the steel industry. Job interviews are available onsite – you can also upload your resume to our application database, or take online assessment tests. If you’ve never worked in the industry before, we have training and apprenticeship opportunities that could be a match for your skill set. More information about the event is located on our Careers site - click on the link below. We’ll see you there!
Cleveland-Cliffs Reports Q3-2021 Earnings “In a short period of less than two years, we went from $2 billion annual revenues in 2019 to expected revenues of $21 billion in 2021. Also, the $1.9 billion of Q3 adjusted EBITDA we have just reported is equivalent to half of our year-to-date adjusted EBITDA of $3.8 billion, showing that our profitability continues to increase, as we continue to implement our way of doing business, and take advantage of - and extract synergies from - our modern, efficient and unique footprint.” -- Lourenco Goncalves, Chairman, President & CEO Read more about Cleveland-Cliffs' Q3-2021 Earnings in our news release
Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition Cleveland-Cliffs Inc. announced that it has entered into a definitive agreement to acquire Ferrous Processing and Trading Company, including certain related entities (“FPT”), for a total enterprise value of approximately $775 million, on a cash-free, debt-free basis and subject to customary adjustment (“the FPT Acquisition”). Based in Detroit, FPT is among the largest processors and distributors of prime ferrous scrap in the United States, representing approximately 15% of the domestic merchant prime scrap market. FPT currently processes approximately three million tons of scrap per year, approximately half of which is prime grade.
Cleveland-Cliffs takes top honors at S&P Global Platts Metals awards Cleveland-Cliffs Inc. took top honors in three categories at the Annual S&P Global Platts Global Metals Award ceremony in London, England on October 14. Lourenco Goncalves was awarded CEO/Chairperson of the Year. Cleveland-Cliffs was named Metals Company of the Year and the company received the Deal of the Year award.