Since opening our first mine in the Upper Peninsula of Michigan in 1850, Cliffs has remained in the vanguard of the steelmaking industry, successfully adapting operations to major changes that drove many competitors out of business.
While North American operations have long provided the core of our business, in recent years, Cliffs’ strategic efforts increased our exposure to seaborne markets and the high global demand for steelmaking raw materials.
- Diversifying into other end-markets and other steel-related minerals
- Expanding geographically into low-political-risk geographies
- Emphasizing cash-flow positive, profitable, commercial-stage businesses
- Evaluating opportunities in the early stage of development
The execution of this strategy has positioned Cliffs as a top ten global producer of iron ore.