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 December 7, 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.

                                         
                                    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
 
   Yan Erlikh,                                
Bear, Stearns & Co. Inc. (1)
   David Liebowitz     1,525       1,525,000       24,596       —  
 
 
   Yan Erlikh,                                
White River Securities L.L.C. (1)
   David Liebowitz     1,525       1,525,000       24,596       —  

(1)   The inclusion of this selling securityholder in the prospectus supplement supercedes the information included in the prospectus and represents a new position for this selling securityholder.