ÐÇ¿Õ´«Ã½

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ArcelorMittal
Ìý 2. Issuer Name and Ticker or Trading Symbol
CLEVELAND-CLIFFS INC. [CLF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Former 10% Owner
(Last)
(First)
(Middle)
24-26, BOULEVARD DAVRANCHES
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2021
(Street)

GRAND DUCHY OF LUXEMBOURG,ÌýN4ÌýL-1160
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 02/11/2021 Ìý S Ìý 40,000,000 D (1) $ 16.12 38,186,671 I See Footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
ÌýDirector Ìý10% Owner ÌýOfficer ÌýOther
ArcelorMittal
24-26, BOULEVARD DAVRANCHES
GRAND DUCHY OF LUXEMBOURG,ÌýN4ÌýL-1160
Ìý Ìý Ìý Former 10% Owner
ArcelorMittal North America Holdings LLC
1 SOUTH DEARBORN STREET, 13TH FLOOR
CHICAGO,ÌýILÌý60603
Ìý Ìý Ìý Former 10% Owner

Signatures

ÌýBy: Henk Scheffer, Authorized Signatory of ArcelorMittal Ìý 02/25/2021
**Signature of Reporting Person Date

ÌýBy: Joseph P. Wallace, Authorized Signatory of ArcelorMittal North America Holdings LLC Ìý 02/25/2021
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On February 11, 2021, ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal, sold 40 million common shares of ÐÇ¿Õ´«Ã½ Inc. pursuant to an underwritten public offering.
(2) These Common Shares are held directly by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal.
Ìý
Remarks:
(3)ÌýTheÌýReportingÌýPersonsÌýareÌýjointlyÌýfilingÌýthisÌýFormÌý4ÌýpursuantÌýtoÌýRuleÌý16a-3(j)ÌýunderÌýtheÌýExchangeÌýAct.

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