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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 |
LTV Steel Company Inc | Michigan | state | 1986 | undisclosed | | property tax abatement |
Severstal Dearborn, LLC | Michigan | state | 2011 | undisclosed | | property tax abatement |
Tilden MIning Company | Michigan | state | 1980 | undisclosed | | property tax abatement |
AK Steel | Indiana | multiple | 1996 | $71,600,000 | | MEGADEAL (Archived) |
ThyssenKrupp | Alabama | multiple | 2007 | $1,073,000,000 | | MEGADEAL |
Severstal | Michigan | multiple | 2005 | $119,000,000 | | MEGADEAL |
AK STEEL CORPORATION | Ohio | state | 2015 | | $1,500,000 | loan or bond financing |
ArcelorMittal Riverdale, Inc. | Illinois | state | 2018 | $1,785,743 | | infrastructure assistance |
ArcelorMittal Riverdale, Inc. | Illinois | state | 2004 | $53,496 | | grant |
ArcelorMittal Riverdale, Inc. | Illinois | state | 2004 | $53,550 | | grant |
ArcelorMittal USA, Inc. | Illinois | state | 2006 | $153,750 | | grant |
ArcelorMittal Riverdale, Inc. | Illinois | state | 2004 | $500,000 | | grant |
ArcelorMittal USA, Inc. | Illinois | state | 2006 | $1,000,000 | | grant |
ARCELORMITTAL CLEVELAND LLC | Ohio | state | 2008 | $150,000 | | grant |
MITTAL STEEL USA-WARREN INC | Ohio | state | 2008 | $30,018 | | grant |
ARCELORMITTAL CLEVELAND LLC | Ohio | state | 2012 | $210,000 | | grant |
Arcelormittal Monessen LLC | Pennsylvania | state | | $350,000 | | grant |
ARCELORMITTAL CLEVELAND LLC | Ohio | state | 2014 | $63,080 | | grant |
ARCELORMITTAL CLEVELAND LLC | Ohio | state | 2015 | $250,000 | | grant |
Severstal Us Holding, Llc | United States | federal | 2012 | | $1,800,000 | federal loan or loan guarantee |
Thyssenkrupp Steel Usa, Llc | United States | federal | 2013 | | $1,800,000 | federal loan or loan guarantee |
Arcelormittal Usa Inc | United States | federal | 2020 | | $18,000,000 | federal loan or loan guarantee |
Cleveland-Cliffs Steel LLC | United States | federal | 2010 | $94,731,979 | | federal grant |
Cleveland-Cliffs Steel Corporation | United States | federal | 2018 | $853,299 | | federal grant |
Cleveland-Cliffs Steel Corporation | United States | federal | 2017 | $1,500,000 | | federal grant |
Magnetation Inc | Minnesota | state | 2008 | undisclosed | | enterprise zone |
AK TUBE LLC | Ohio | state | 1996 | undisclosed | | enterprise zone |
ArcelorMittal Tubular Products USA, LLC | Ohio | state | 2014 | $203,079 | | enterprise zone |
AK Steel Research | Ohio | state | 2020 | undisclosed | | enterprise zone |