1 of 8

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
 (Amendment No. )

CLEVELAND-CLIFFS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

185896107

(CUSIP Number)

SEPTEMBER 17, 2003

(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
2 of 8

CUSIP No. 185896107
          ---------

  1.  Names of Reporting Persons.

      LOEWS CORPORATION

      I.R.S. Identification Nos. of above persons (entities only).

      13-2646102

------------------------------------------------------------------------------

  2.  Check the Appropriate Box if a Member of a Group (See Instructions)

      (a) ....................................................................
      (b) ....................................................................

------------------------------------------------------------------------------

  3.  SEC Use Only ...........................................................

------------------------------------------------------------------------------

  4.  Citizenship or Place of Organization.

      DELAWARE CORPORATION

------------------------------------------------------------------------------

Number of          5.  Sole Voting Power ............................  512,300
Shares             -----------------------------------------------------------
Beneficially
Owned by           6.  Shared Voting Power ..........................   16,925
Each Reporting     -----------------------------------------------------------
Person With
                   7.  Sole Dispositive Power .......................  512,300
                   -----------------------------------------------------------

                   8.  Shared Dispositive Power .....................        0

------------------------------------------------------------------------------

  9.  Aggregate Amount Beneficially Owned by Each Reporting Person ..  529,225

------------------------------------------------------------------------------

 10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions) ..........................................................

                                                                        3 of 8

------------------------------------------------------------------------------

 11.  Percent of Class Represented by Amount in Row 9 ....................5.1%

------------------------------------------------------------------------------

 12.  Type of Reporting Person (See Instructions).

      CO

------------------------------------------------------------------------------
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................
..............................................................................

------------------------------------------------------------------------------

                                                                        4 of 8

Item 1.

     (a)  Name of Issuer

          CLEVELAND-CLIFFS INC

     (b)  Address of Issuer's Principal Executive Offices

          1100 SUPERIOR AVENUE
          CLEVELAND, OHIO  44114-2589

Item 2.

     (a)  Name of Person Filing

          LOEWS CORPORATION

     (b)  Address of Principal Business Office or, if None, Residence

          667 MADISON AVENUE
          NEW YORK, NEW YORK  10021

     (c)  Citizenship

          DELAWARE CORPORATION

     (d)  Title of Class of Securities

          COMMON STOCK

     (e)  CUSIP Number

          185896107

Item 3. If this statement is filed pursuant to Section 240.13d-1(b) or
        240.13d-2(b) or (c), check whether the person filing is a:

     (a)  [  ]  Broker or dealer registered under section 15 of the Act (15
                U.S.C. 78o).

     (b)  [  ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

     (c)  [  ]  Insurance company as defined in section 3(a)(19) of the Act
                (15 U.S.C. 78c).

     (d)  [  ]  Investment company registered under section 8 of the

                                                                        5 of 8

                Investment Company Act of 1940 (15 U.S.C 80a-8).

     (e)  [  ]  An investment adviser in accordance with Section 240.13d-
                1(b)(1)(ii)(E);

     (f)  [  ]  An employee benefit plan or endowment fund in accordance with
                Section 240.13d-1(b)(1)(ii)(F);

     (g)  [  ]  A parent holding company or control person in accordance with
                Section 240.13d-1(b)(1)(ii)(G);

     (h)  [  ]  A savings associations as defined in Section 3(b) of the
                Federal Deposit Insurance Act (12 U.S.C. 1813);

     (i)  [  ]  A church plan that is excluded from the definition of an
                investment company under section 3(c)(14) of the Investment
                Company Act of 1940 (15 U.S.C. 80a-3);

     (j)  [  ]  Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

     (a)  Amount beneficially owned:                  529,225
                                     ------------------------.
     (b)  Percent of class:                         5.1%
                            ----------------------------.
     (c)  Number of shares as to which the person has:

          (i)   Sole power to vote or to direct the vote     512,300
                                                         -----------.
          (ii)  Shared power to vote or to direct the vote             16,925
                                                           ------------------.
          (iii) Sole power to dispose or to direct the disposition of
                          512,300
                -----------------.
          (iv)  Shared power to dispose or to direct the disposition of
                              0
                ---------------.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five

                                                                        6 of 8

percent of the class of securities, check the following [  ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

        See Item 7.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company or Control
        Person.

        See Exhibit 1.

Item 8. Identification and Classification of Members of the Group

        NOT APPLICABLE

Item 9. Notice of Dissolution of Group

        NOT APPLICABLE

                                                                        7 of 8

Item 10. Certification

     By signing below the undersigned certifies that, to the best of its
     knowledge and belief, the securities referred to above were not acquired
     and are not held for the purpose of or with the effect of changing or
     influencing the control of the issuer of the securities and were not
     acquired and are not held in connection with or as a participant in any
     transaction having that purpose or effect.

                                  SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.

                                                   LOEWS CORPORATION

Dated: September 26, 2003                          By:  /s/Gary W. Garson
                                                      ---------------------
                                                      Gary W. Garson
                                                      Senior Vice President
                                                      and Secretary	

Exhibit 99.1
Loews Corporation ("Loews") owns approximately 90% of the outstanding common stock of CNA Financial Corporation ("CNA"). CNA is the sponsor of the pension plan that is the beneficial owner of 16,925 shares of the securities reported on this Schedule 13G, which does not exceed 5% of the class outstanding. These shares are managed by a third party investment advisor. The characterization of shared voting power between Loews and CNA is made solely as a consequence of SEC interpretations regarding control of a subsidiary. Loews specifically disclaims beneficial ownership of these shares.