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March 22, 2020

Cleveland-Cliffs Commends the State of Ohio for Recognizing Essential Businesses and Operations Under its Stay at Home Order

CLEVELAND – March 22, 2020 – Cleveland-Cliffs Inc. (NYSE: CLF) stated today that it commends Governor Dewine and his administration for their strong leadership and decisive action to implement the ‘stay at home or place of residence’ order for the preservation of public health across the State of Ohio in response to COVID-19.

Lourenco Goncalves, Chairman, President and Chief Executive Officer said, “I am pleased that this order recognizes the iron and steel industry as an essential business critical to the United States’ economy and national security. Our business is vital to our country’s economic stability, and the order ensures business continuity for Cleveland-Cliffs’ steel mills, our critical suppliers, and customers during this public health crisis.”

Mr. Goncalves added: “We have already implemented a mandatory work from home policy for those employees who can work remotely. We have also implemented a number of procedures across the Company’s iron ore mines and steel operations, including specific guidelines for social distancing and increased frequency of cleaning. I commend our entire workforce for their willingness to cooperate and proactively work to protect their teammates and their livelihood.”

About Cleveland-Cliffs Inc.

Founded in 1847, Cleveland-Cliffs is among the largest vertically integrated producers of differentiated iron ore and steel in North America. With an emphasis on non-commoditized products, Cliffs is uniquely positioned to supply both customized iron ore pellets and sophisticated steel solutions to a quality-focused customer base, with an industry-leading market share in the automotive industry. In 2020, Cliffs also expects to be the sole producer of hot briquetted iron (HBI) in the Great Lakes region. A commitment to environmental sustainability is core to our business operations and extends to how we partner with stakeholders across our communities and the steel value chain. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 12,000 people across mining and steel manufacturing operations in the United States, Canada and Mexico. For more information, visit www.clevelandcliffs.com

Source: Cleveland-Cliffs Inc.

MEDIA CONTACT:

Patricia Persico

Director, Corporate Communications

(216) 694-5316

INVESTOR CONTACT:

Paul Finan

Director, Investor Relations

(216) 694-6544
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