<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from statements
of consolidated income, consolidated financial position and computation of
earnings per share and is qualified in its entirely by reference to such
financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000764065
<NAME> CLEVELAND-CLIFFS INC
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                             149
<SECURITIES>                                         0
<RECEIVABLES>                                       70
<ALLOWANCES>                                         8
<INVENTORY>                                         56
<CURRENT-ASSETS>                                   293
<PP&E>                                             260
<DEPRECIATION>                                     140
<TOTAL-ASSETS>                                     645
<CURRENT-LIABILITIES>                              104
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            17
<OTHER-SE>                                         326
<TOTAL-LIABILITY-AND-EQUITY>                       645
<SALES>                                            411
<TOTAL-REVENUES>                                   473
<CGS>                                              356
<TOTAL-COSTS>                                      371
<OTHER-EXPENSES>                                    24
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   7
<INCOME-PRETAX>                                     72
<INCOME-TAX>                                        11
<INCOME-CONTINUING>                                 61
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    (3)
<CHANGES>                                            0
<NET-INCOME>                                        58
<EPS-PRIMARY>                                     4.84
<EPS-DILUTED>                                     4.82