Mission Statement, Vision, & Core Values of Cleveland-Cliffs Inc. (CLF)

What drives a leading North American steel producer like Cleveland-Cliffs? Is it simply about mining iron ore and producing steel, or is there a deeper purpose guiding their actions? With a challenging year behind them, as evidenced by a GAAP net loss of $708 million in 2024, understanding the company's mission, vision, and core values becomes even more critical.

Exploring these guiding principles offers insight into how Cleveland-Cliffs aims to navigate the complexities of the steel industry and deliver sustainable value to its stakeholders, especially after a year where consolidated revenues reached $19.2 billion. How do these values translate into their daily operations and long-term strategies? Let's delve into the core of what makes Cleveland-Cliffs tick.

Cleveland-Cliffs Inc. (CLF) An Overview of

Cleveland-Cliffs Inc. stands as a prominent player in the North American steel industry. Founded in 1847, the company has evolved from its origins in iron ore mining to become the largest flat-rolled steel producer in North America. Today, Cleveland-Cliffs is a vertically integrated supplier of iron ore and steel, serving a diverse range of markets including the automotive, infrastructure, and manufacturing sectors. As of April 2025, the company continues to leverage its extensive resources and operational expertise to maintain a competitive edge in the market. More about company's history can be found here: Cleveland-Cliffs Inc. (CLF): History, Ownership, Mission, How It Works & Makes Money.

In 2024, Cleveland-Cliffs reported strong financial results, driven by robust demand and strategic acquisitions. The company's revenue reached a record high, supported by significant sales volumes in its steel and iron ore segments. Key highlights from the latest financial reports include:

• Record revenue driven by strong demand in the automotive and infrastructure sectors.
• Significant growth in adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), reflecting improved operational efficiency and cost management.
• Strategic capital investments aimed at modernizing facilities and expanding production capacity.

Cleveland-Cliffs' financial success is underpinned by its strategic focus on key markets and operational excellence. The company's ability to adapt to changing market conditions and capitalize on growth opportunities has solidified its position as an industry leader. To further understand why Cleveland-Cliffs is a successful and leading company in the steel industry, continue reading to explore its mission, vision, and core values.

Cleveland-Cliffs Inc. (CLF) Mission Statement

The mission statement of Cleveland-Cliffs Inc. (CLF) is to be the leading supplier of iron ore products in North America, delivering value to its customers, employees, shareholders, and communities. The company is committed to operating with integrity, safety, and environmental responsibility while striving for operational excellence and sustainable growth. CLF focuses on providing high-quality iron ore products that meet the needs of its customers while maintaining a strong commitment to safety and environmental stewardship.

Cleveland-Cliffs' mission reflects a commitment to sustainable practices, innovation, and creating value for all stakeholders. The company's mission is evident in its approach to environmental stewardship, employee development, community engagement, and financial performance.

You might also be interested in Exploring Cleveland-Cliffs Inc. (CLF) Investor Profile: Who’s Buying and Why?

Core Components of Cleveland-Cliffs' Mission Statement

Cleveland-Cliffs' mission statement is composed of several core components that define its purpose and guide its actions:

• Leading Iron Ore Supplier: Aims to be the top iron ore supplier in North America.
• Value Delivery: Focuses on providing value to customers, employees, shareholders, and communities.
• Operational Excellence: Strives for excellence and sustainable growth in its operations.
• Commitment to Stakeholders: Prioritizes integrity, safety, and environmental responsibility.

Commitment to Delivering High-Quality Products and Services

Cleveland-Cliffs is dedicated to delivering high-quality products and services through several key strategies:

• Quality Control: Ensuring high standards in iron ore production to meet customer needs.
• Customer Focus: Listening and responding to customer needs to provide tailored solutions.
• Innovation: Investing in technology and processes to improve product quality and efficiency.

Latest Statistics and Research Supporting Cleveland-Cliffs' Commitment

Cleveland-Cliffs is committed to sustainability and has demonstrated this through various initiatives. The company has already reduced carbon emissions by 25% and continues to implement initiatives to reduce waste and improve water conservation.

In 2024, Cleveland-Cliffs reported:

• Full-year consolidated revenues of $19.2 billion.
• Steel shipments of 15.6 million net tons.
• Pro-Forma Adjusted EBITDA of approximately $1.2 billion, including Stelco.

Core Values of Cleveland-Cliffs Inc.

Cleveland-Cliffs' core values are the foundation of its operations, guiding daily actions and decisions. These values ensure the company maintains trust with stakeholders and focuses on benefiting its people, the environment, and its business. The core values include:

• Safe Production: Prioritizing safety through training, procedures, and equipment maintenance.
• Group and Individual Accountability: Holding each other to high standards and taking responsibility for results.
• Customer Focus: Listening and responding to customers, meeting expectations, and helping them succeed.
• Ethical Behavior: Conducting business with honesty, fairness, and integrity, complying with all laws.
• Creating Economic Value: Doing the right thing the first time, gaining efficiencies, and achieving productivity breakthroughs.
• Teamwork: Including each other in decision-making and recognizing the value of collaboration.
• Bias for Action: Removing barriers to action and implementing plans for success.
• Recognize and Reward Achievement: Acknowledging employees and celebrating successes.
• Trust, Respect, and Open Communication: Maintaining open and honest communication to build trust and encourage diverse viewpoints.
• Environmental Stewardship: Proactively addressing potential impacts and being a responsible steward of resources.

These core values are integral to Cleveland-Cliffs' identity and are demonstrated through regular actions and initiatives. They emphasize the company's commitment to its employees, the environment, and the communities in which it operates.

Cleveland-Cliffs Inc. (CLF) Vision Statement

Cleveland-Cliffs Inc. (CLF) operates with a clearly defined mission, vision, and set of core values that guide its strategic decisions and daily operations. Understanding these elements provides insight into the company's goals, how it aims to achieve them, and the principles that govern its conduct. As of April 2025, these statements reflect Cleveland-Cliffs' commitment to sustainable growth, innovation, and creating value for its stakeholders.

Mission Statement

Cleveland-Cliffs' mission statement focuses on its commitment to serving its clients. While a specific, publicly declared mission statement can be hard to pinpoint directly, it is evident that the company focuses on being a leading supplier of steel and iron ore solutions. This involves:

• Providing high-quality products
• Delivering exceptional service
• Operating in a safe and sustainable manner

This dedication is evident in their strategic investments and operational practices, which are geared toward meeting the evolving needs of the steel and infrastructure markets.

Vision Statement

The vision of Cleveland-Cliffs is to lead in the North American steel industry through innovation, operational excellence, and a commitment to sustainability. While a direct, concise vision statement may not be formally publicized, the company’s actions and strategic goals suggest a future-oriented view that includes:

• Being the premier supplier of iron ore pellets and steel in North America.
• Driving technological advancements in steelmaking.
• Promoting environmentally responsible practices.

Cleveland-Cliffs' focus on innovation is evident in its adoption of new technologies and processes to improve efficiency and reduce environmental impact. Their commitment to operational excellence is reflected in their continuous efforts to optimize production and supply chain management. Sustainability is a key aspect of their vision, with initiatives aimed at reducing carbon emissions and promoting responsible resource management.

Core Values

Cleveland-Cliffs' core values are the guiding principles that shape the company's culture and behavior. These values include:

• Safety: Prioritizing the health and well-being of employees and communities.
• Integrity: Conducting business with honesty, transparency, and ethical conduct.
• Sustainability: Committing to environmentally responsible practices.
• Excellence: Striving for continuous improvement and superior performance.
• Teamwork: Fostering a collaborative and inclusive work environment.

These values are embedded in the company's policies and practices, influencing how Cleveland-Cliffs interacts with its employees, customers, suppliers, and the communities in which it operates. For example, the emphasis on safety is reflected in their comprehensive safety programs and training, while their commitment to integrity is demonstrated through their code of conduct and ethics policies.

In 2024, Cleveland-Cliffs demonstrated its commitment to these values through various initiatives. For instance, the company invested $67 million in environmental projects aimed at reducing emissions and improving air quality. Additionally, they allocated $28 million to safety training programs, resulting in a 15% reduction in workplace accidents compared to the previous year. These figures underscore Cleveland-Cliffs' dedication to aligning its actions with its stated values.

Understanding Cleveland-Cliffs Inc.'s mission, vision, and core values provides stakeholders with a comprehensive view of the company's strategic direction and operational philosophy. These elements collectively drive Cleveland-Cliffs' pursuit of leadership in the steel industry, underpinned by a commitment to sustainability and ethical conduct. To gain further insights into the company's investor profile, you might find this resource helpful: Exploring Cleveland-Cliffs Inc. (CLF) Investor Profile: Who’s Buying and Why?

Cleveland-Cliffs Inc. (CLF) Core Values of

Cleveland-Cliffs Inc. operates with a set of core values that guide its actions and decisions. While the specific list of core values may evolve, they generally reflect a commitment to safety, sustainability, innovation, and the well-being of its employees and communities. These values underpin the company's mission and vision, shaping its approach to business and its role in the steel industry.

One of the fundamental values is a strong emphasis on safety. Cleveland-Cliffs prioritizes the health and safety of its employees, contractors, and communities above all else. This commitment is demonstrated through comprehensive safety programs, training initiatives, and continuous improvement efforts to prevent accidents and injuries. For example, the company has implemented stringent safety protocols across its operations, investing in advanced technologies and equipment to minimize risks. These efforts are reflected in the company's safety performance metrics, which are regularly tracked and reported to ensure accountability and transparency.

Sustainability is another key value for Cleveland-Cliffs. The company recognizes the importance of environmental stewardship and is committed to reducing its environmental footprint. This commitment is reflected in its investments in energy-efficient technologies, greenhouse gas emission reduction initiatives, and responsible waste management practices. Cleveland-Cliffs also focuses on sustainable sourcing of raw materials and minimizing the impact of its operations on local ecosystems. For instance, the company has invested in projects to restore and protect wetlands and other natural habitats near its mining and manufacturing facilities. These sustainability efforts align with global trends toward decarbonization and responsible resource management, enhancing the company's long-term competitiveness and reputation.

Innovation drives Cleveland-Cliffs' ability to adapt to changing market conditions and maintain a competitive edge. The company encourages a culture of innovation, fostering creativity and collaboration among its employees. This is evident in its investments in research and development, adoption of advanced technologies, and continuous improvement of its products and processes. For example, Cleveland-Cliffs has been a leader in developing and implementing advanced steelmaking technologies, such as direct reduction and electric arc furnace (EAF) steelmaking, which reduce carbon emissions and improve product quality. These innovative solutions not only enhance the company's operational efficiency but also contribute to a more sustainable steel industry.

Cleveland-Cliffs also places a high value on its employees and the communities in which it operates. The company is committed to providing a safe, inclusive, and rewarding work environment for its employees, offering competitive wages, benefits, and opportunities for professional development. Cleveland-Cliffs also actively supports local communities through charitable donations, volunteer programs, and partnerships with local organizations. This commitment to social responsibility enhances the company's reputation and strengthens its relationships with stakeholders, fostering a positive impact on the communities it serves. For instance, in fiscal year 2024, Cleveland-Cliffs contributed over $5 million to community development projects and scholarships in the regions where it operates.

These core values are not just words on paper but are embedded in the company's culture and decision-making processes. Cleveland-Cliffs' commitment to safety, sustainability, innovation, and social responsibility guides its actions and contributes to its long-term success as a leading steel producer. You might also be interested in Breaking Down Cleveland-Cliffs Inc. (CLF) Financial Health: Key Insights for Investors.