Cleveland-Cliffs Inc (New) (CLF)
Cleveland-Cliffs is an iron ore mining company. Co. is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Co.'s segments include: Mining and Pelletizing, and Metallics. In its Mining and Pelletizing segment, Co. is a producer of iron ore pellets, primarily selling production from its Mining and Pelletizing segment to integrated steel companies in the U.S. and Canada. In its Metallics segment, Co. is constructing a hot briquetted iron (HBI) production plant in Toledo, OH. HBI is an iron alternative to scrap that, when used as a feedstock, allows an electric arc furnace to produce various grades of steel.