06:26 AM EST, 03/07/2025 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Friday it is launching a "Buy American" incentive for its nearly 30,000 employees in 2025.

Under the incentive, employees who buy or lease a new American-built vehicle with substantial Cleveland-Cliffs ( CLF ) steel content will receive a $1,000 cash bonus.

Vehicles produced outside of the United States, or that use a significant amount of imported flat-rolled steel, will not qualify for the cash bonus, the company said.