Cleveland-Cliffs is a vertically integrated North American steelmaker that produces flat-rolled steel products including hot-rolled coil, cold-rolled coil, galvanized and advanced high-strength steels, electrical steels, and plate, along with downstream stamped components, tooling, and tubing. The company owns upstream iron ore and coal mines and operates a direct reduction facility, controlling its supply chain from raw material extraction through primary steel production to finished goods. Its customers span the automotive industry, infrastructure and manufacturing sectors (HVAC, appliances, transformers, rail, wind towers), distributors and converters, and other steel producers, with revenue generated through a mix of fixed-price contracts and spot-market pricing for its product portfolio.