Cleveland-Cliffs Inc. rang the closing bell at the New York Stock Exchange on May 3 to celebrate the company’s 175-year anniversary.
“For nearly two centuries, Cleveland-Cliffs has been instrumental in building modern society in the United States through the domestic steel industry,” Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves said. “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.
“Today, we are commemorating and celebrating the achievements, ingenuity and hard work of our past and present employees. From our humble beginnings as an iron ore mining company to a new era for Cleveland-Cliffs as a major vertically integrated steel company, I am proud to lead the only producer of steel in North America that has full control of its ferrous supply chain as well as the largest supplier of specialized steel to the automotive companies in North America. This sets us apart competitively from other domestic steel companies. Built on this strong foundation, Cleveland-Cliffs is well-positioned to supply innovative steels for electric vehicles, renewable energy and the rebuilding of American manufacturing for many more decades ahead.”
Headquartered in Cleveland, Ohio, and operating in the Great Lakes region since 1847, Cliffs went public on the New York Stock Exchange in 1960. The company employs 26,000 people across its operations in the United States and Canada.
