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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Cleveland-Cliffs
Ownership Structure: publicly traded (ticker symbol CLF)
Headquartered in: Ohio
Major Industry: mining and minerals
Specific Industry: mining
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $1,608,412,326 | 75 |
Federal (grants and allocated tax credits) | $97,085,278 | 3 |
TOTAL | $1,705,497,604 | 78 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $1,500,000 | 1 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $21,600,000 | 3 |
TOTAL | $23,100,000 | 4 |
Time Period for State and Local Awards: Earliest year of data: 1980. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2009.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Alabama | $1,073,000,000 | 1 |
Michigan | $289,811,616 | 11 |
Indiana | $176,045,218 | 7 |
Kentucky | $40,000,000 | 1 |
Louisiana | $10,727,748 | 19 |
All other | $18,827,744 | 36 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2011 | $824,640 | | property tax abatement |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2009 | $829,002 | | property tax abatement |
Cleveland-Cliffs Steel Corporation | United States | federal | 2018 | $853,299 | | federal grant |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2009 | $855,219 | | property tax abatement |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2012 | $870,339 | | property tax abatement |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2013 | $880,452 | | property tax abatement |
ArcelorMittal USA, Inc. | Illinois | state | 2006 | $1,000,000 | | grant |
ArcelorMittal LaPlace, LLC | Louisiana | state | 2008 | $1,245,817 | | property tax abatement |
Cleveland-Cliffs Steel Corporation | United States | federal | 2017 | $1,500,000 | | federal grant |
ArcelorMittal Riverdale, Inc. | Illinois | state | 2018 | $1,785,743 | | infrastructure assistance |
One South Dearborn LLC (ArcelorMittal USA HQ) | Illinois | local | 2008 | $2,000,000 | | tax increment financing |
ArcelorMittal Tailored Blanks Americas Corporation | Michigan | state | 2017 | $2,000,000 | | tax credit/rebate |
Severstal North America, Inc. | Michigan | state | 2011 | $2,854,000 | | tax credit/rebate |
Magnetation , Inc. | Minnesota | local | 2008 | $3,000,000 | | tax credit/rebate and grant |
Magnetation, Inc. | Minnesota | local | 2008 | $4,485,000 | | tax credit/rebate and grant |
Severstal North America, Inc. | Michigan | state | 2011 | $7,800,000 | | tax credit/rebate |
Severstal North America, Inc. | Michigan | state | 2011 | $8,120,000 | | tax credit/rebate |
Severstal North America, Inc. | Michigan | state | 2011 | $10,120,000 | | property tax abatement |
Severstal North America, Inc. | Michigan | state | 2011 | $11,250,000 | | tax credit/rebate |
Severstal North America, Inc. | Michigan | local | 2011 | $19,461,723 | | tax credit/rebate |
Severstal North America, Inc. | Michigan | state | 2011 | $31,191,000 | | property tax abatement |
ArcelorMittal Indiana Harbor LLC | Indiana | state | 2006 | $39,099,986 | | tax credit/rebate |
AK Steel Corporation, Ashland Works | Kentucky | state | 2004 | $40,000,000 | | tax credit/rebate |
ArcelorMittal Burns Harbor LLC | Indiana | state | 2005 | $64,623,232 | | tax credit/rebate |
AK Steel | Indiana | multiple | 1996 | $71,600,000 | | MEGADEAL (Archived) |
Severstal North America, Inc. | Michigan | local | 2011 | $77,846,893 | | tax credit/rebate |
Cleveland-Cliffs Steel LLC | United States | federal | 2010 | $94,731,979 | | federal grant |
Severstal | Michigan | multiple | 2005 | $119,000,000 | | MEGADEAL |
ThyssenKrupp | Alabama | multiple | 2007 | $1,073,000,000 | | MEGADEAL |