NEWS FROM THE WIRES |
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Cleveland-Cliffs posts $15 mln Q2 loss Jul 25 2001 02:07 PM PDT
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PROFILE |
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Steelmakers don't mind getting pelleted by Cleveland-Cliffs, a leading provider of iron ore to the steel industry. The company, which dates to the 1840s, manages and holds a stake in five iron ore mines in Michigan, Minnesota, and eastern Canada; most of the properties are co-owned by large steelmakers. The mines provide about 34 million tons of iron ore annually; Cleveland-Cliffs' share of the production is about 12 million tons. The company sells pelletized iron, used to feed blast furnaces, to Canadian, European, and US companies. Weirton Steel, AK Steel, and Rouge Steel account for 17%, 14%, and 13% of sales, respectively. Cleveland-Cliffs also produces hot-briquetted iron, used in electric arc furnaces.
COMPETITION |
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 430.10
1-Yr. Sales Growth: 19.0%
Employees: 4,636
Revenue per employee: $92,773.94
KEY PEOPLE |
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John S. Brinzo
CEO
Cynthia B. Bezik
CFO
CONTACT INFO |
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1100 Superior Ave.
Cleveland, OH 44114
US
Phone: 216-694-5700
Fax: 216-694-4880
Online: Web Site
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