Cleveland-Cliffs 424B3
 

Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-113252
3.25% Redeemable Cumulative Convertible
Perpetual Preferred Stock CUSIP No. 185896305

Cleveland-Cliffs Inc

Prospectus Supplement dated August 18, 2004
to the Prospectus dated July 22, 2004

     The selling securityholders table on pages 61-65 of the prospectus is amended to update and/or add, as applicable, the information regarding the following entities in the prospectus and their respective amount of 3.25% Redeemable Cumulative Convertible Perpetual Preferred Stock.

                                         
                                    COMMON
    NATURAL           PRINCIPAL           SHARES
    PERSON WITH           AMOUNT OF           OWNED
    VOTING OR   SHARES OF   CONVERTIBLE           PRIOR TO
    INVESTMENT   PREFERRED   SUBORDINATED   COMMON   THIS
SELLING SECURITYHOLDER
  CONTROL
  STOCK
  DEBENTURES
  SHARES
  OFFERING
Citigroup Global Markets LTD.
          56,400       56,400,000       909,675        
FHS Trading, LTD.
          250       250,000       4,032        
Forest Multi-Strategy Fund SPC, on behalf of its Multi-Strategy Segregated Portfolio(1)
  Forest Investment Mngt. LLC (2)     393       393,000       6,338        
Goldman Sachs & Co.
        5,000       5,000,000       80,645       13,227  
Newport Alternative Income Fund
    (3 )     2,658       2,658,000       42,870        
Silvercreek II Limited
    (3 )     6,847       6,847,000       110,435        
Silvercreek Limited Partnership
    (3 )     10,145       10,145,000       163,628        
Whitebox Convertible Arbitrage Partners LP
    (4 )     11,700       11,700,000       188,709        

(1)   The inclusion of this selling securityholder in the prospectus supplement supercedes the information included in the prospectus.
 
(2)   Forest Investment Mngt. LLC is 100% Owned by Forest Partners II LP Michael A. Boyd Inc, General Partner Michael A. Boyd.
 
(3)   Louise Morwick, President, Silvercreek Management Inc.
 
(4)   Whitebox Convertible Arbitrage Advisors LLC is the general partner of Whitebox Convertible Arbitrage Partners LP, of which, Andrew Redleaf is the managing member of the general partner.