CLEVELAND-CLIFFS INC.
 

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 October 25, 2004
to the Prospectus dated July 22, 2004

     The selling securityholders table on pages 61-65 of the prospectus, as amended, is hereby further 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.

                                     
    NATURAL           PRINCIPAL AMOUNT           COMMON SHARES
    PERSON WITH   SHARES OF   OF CONVERTIBLE           OWNED PRIOR
    VOTING OR   PREFERRED   SUBORDINATED           TO THIS
SELLING SECURITYHOLDER   INVESTMENT CONTROL   STOCK   DEBENTURES   COMMON SHARES   OFFERING
 
BNP Paribas Equity Strategies, SNC
  Christian
Menestrier (1)
    1,548       1,548,000       24,967       2,726  
 
CooperNeff Convertible Strategies (Cayman) Master Fund, LP.
  Christian
Menestrier (1)
    1,508       1,508,000       24,322    
 
DBAG London
      13,500       13,500,000       217,741    
 
Lyxor/Convertible Arbitrage Fund Limited
  Christian
Menestrier (1)
    276       276,000       4,451    
 
Singlehedge US Convertible Arbitrage Fund
  Christian
Menestrier (1)
    352       352,000       5,677    
 
Sturgeon Limited (2)
  Christian
Menestrier (1)
    316       316,000       5,096    
 
Windmill Master Fund, LP.
  Stanley
Druckenmiller (3)
    1,500       1,500,000       24,193    

(1)   Christian Menestrier is the chief executive officer of CooperNeff Advisors, Inc.

(2)   The inclusion of this selling securityholder in the prospectus supplement supercedes the information included in the prospectus.

(3)   Duquesne Capital Management is the Investment Manager of Windmill Master Fund, LP. Stanley Druckenmiller is the chief executive officer and president of Duquesne Capital Management.