UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM SD
Specialized Disclosure Report

CLEVELAND-CLIFFS INC.
(Exact name of registrant as specified in its charter)

Commission File No. 1-8944

Ohio34-1464672
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
200 Public Square, Suite 3300, Cleveland, Ohio44114-2315
(Address of principal executive offices)(Zip Code)

James D. Graham
Executive Vice President, Chief Legal and Administrative Officer & Secretary
Cleveland-Cliffs Inc.
200 Public Square, Suite 3300
Cleveland, Ohio 44114-2315
(216) 694-5700
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ____.
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.


Section 2 - Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Disclosure of payments by resource extraction issuers.
The payment disclosure required by this Form is included as Exhibit 2.01 to this Form SD.
Section 3 - Exhibits
Item 3.01 Exhibits
The following exhibit is filed as part of this report on Form SD.
Exhibit numberDescription
Resource Extraction Payment Report




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
CLEVELAND-CLIFFS INC.
By:/s/ James D. Graham
James D. Graham
Executive Vice President, Chief Legal and Administrative Officer & Secretary
Dated: September 20, 2024

EXHIBIT 2.01
Resource Extraction Payment Report

Resource Extraction Issuer: Cleveland-Cliffs Inc.
Reporting Year: Fiscal Year ended December 31, 2023
Currency of the report: USD
Date submitted: September 20, 2024

Payments by Payee
Figures in thousands
CountryPayee
Taxes1
RoyaltiesFeesProduction entitlementsBonusesDividendsPayments for infrastructure improvementsCommunity and social responsibility payments that are required by law or contractTotals
United StatesUS Federal Government$33,658 $— $236 $— $— $— $— $— $33,894 
Total$33,658 $— $236 $— $— $— $— $— $33,894 

Payments by Project
Figures in thousands
CountryProjectBusiness SegmentSubnational JurisdictionResourceMethod of Extraction
Taxes1
RoyaltiesFeesProduction entitlementsBonusesDividendsPayments for infrastructure improvementsCommunity and social responsibility payments that are required by law or contractTotals
United StatesMichigan Iron OreSteelmakingMichiganIron OreOpen Pit$— $— $— $— $— $— $— $— $— 
United StatesMinnesota Iron OreSteelmakingMinnesotaIron OreOpen Pit— — — — — — — — — 
United StatesWest Virginia CoalSteelmakingWest VirginiaCoalOpen Pit / Underground Mine657 — 236 — — — — — 893 
Total$33,658 $— $236 $— $— $— $— $— $33,894 


Footnote:
1Cleveland-Cliffs Inc. (the “Company”) files a consolidated income tax return and is the entity that makes the consolidated tax payments. The vast majority of the Company’s taxable income does not relate to our resource extraction activities, as our footprint is predominantly comprised of multiple steelmaking operations that use iron ore and coal as raw materials in the steel production process. Accordingly, the Company has included $33.0 million in income tax payments to the US Federal Government within the total taxes paid, but did not allocate this amount to any specific project. The amount disclosed for the West Virginia Coal project is related to excise taxes.



v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0000764065
Registrant Name Cleveland-Cliffs Inc.
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Fees
Total Payments
Total $ 33,658 $ 236 $ 33,894
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Fees
Total Payments
Total $ 33,658 $ 236 $ 33,894
West Virginia Coal [Member]      
Total $ 657 $ 236 $ 893
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Fees
Total Payments
Total $ 33,658 $ 236 $ 33,894
US Federal Government [Member]      
Total $ 33,658 $ 236 $ 33,894
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Segment
Ext. Method
#: 1                  
$ 657 Taxes UNITED STATES snj:US-WV US Federal Government [Member] West Virginia Coal [Member] Coal [Member] Steelmaking [Member] Open Pit
#: 2                  
$ 236 Fees UNITED STATES snj:US-WA US Federal Government [Member] West Virginia Coal [Member] Coal [Member] Steelmaking [Member] Open Pit
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