Lourenco Goncalves was appointed Chairman, President and Chief Executive Officer of Cleveland-Cliffs in August 2014. Since joining the company, he has implemented a strategic initiative designed to strengthen Cliffs’ position as a major player in the U.S. steel industry. He has conducted a financial turnaround of Cleveland-Cliffs, followed by growth initiatives in the metallics market and the entry into the steel business. In March 2020, Mr. Goncalves led Cliffs’ acquisition of AK Steel. Cleveland-Cliffs now holds an industry-leading market position in automotive steel, where its portfolio of high-end products delivers a broad range of differentiated solutions for this highly sought after customer base. Cleveland-Cliffs will also be the sole producer of hot briquetted iron (HBI) in the Great Lakes region when the new $1 billion HBI Toledo plant starts-up in 2020.
Mr. Goncalves brings more than 30 years of experience in the metals and mining industries. Prior to Cliffs, he served as Chairman of the Board, President and Chief Executive Officer of Metals USA Holdings Corp., a leading American manufacturer and processor of steel and other metals, for over 10 years. Prior to Metals USA, Mr. Goncalves served as President and Chief Executive Officer of California Steel Industries, Inc. for 5 years. Prior to that, he was employed by Companhia Siderúrgica Nacional (CSN), a leading steel and mining company in Brazil, where he held several positions in operations and sales.
Mr. Goncalves served as a board member of Ascometal SAS, a manufacturer of special steel headquartered in Paris, France, from October 2011 to April 2014. He currently serves on the Board of the American Iron and Steel Institute and on the Board of the World Steel Association. Mr. Goncalves is a Distinguished Member and Fellow of the Association for Iron & Steel Technology (AIST). In 2019, he was the recipient of the Crain’s C-Suite CEO award for his contributions, community commitments and outstanding professional performance in Northeast Ohio.
Mr. Goncalves earned a Master of Science degree in Metallurgical Engineering from the Federal University of Minas Gerais in Belo Horizonte, Brazil and a Bachelor’s degree in Metallurgical Engineering from the Military Institute of Engineering in Rio de Janeiro, Brazil.