Exhibit 99(b) CLEVELAND-CLIFFS INC AND CONSOLIDATED SUBSIDIARIES Schedule VIII - Valuation and Qualifying Accounts (Dollars in Millions) Additions ------------------- Charged Balance at to Cost Charged Balance at Beginning and to Other End Classification Of Year Expenses Accounts Deductions Of Year -------------- --------- -------- -------- ---------- ---------- Year Ended December 31, 1993: Reserve for Capacity Rationalization $ 36.1 $ -- $ 1.3 $ 6.9 $ 30.5 Allowance for Doubtful Accounts 20.8 -- -- 1.3 19.5 Other 8.3 -- 5.4 -- 13.7 Year Ended December 31, 1992: Reserve for Capacity Rationalization $ 35.6 $ -- $ 4.9 $ 4.4 $ 36.1 Allowance for Doubtful Accounts 3.1 17.5 0.2 -- 20.8 Other 12.0 3.5 -- 7.2 8.3 Year Ended December 31, 1991: Reserve for Capacity Rationalization $ 37.1 $ -- $ 1.5 $ 3.0 $ 35.6 Allowance for Doubtful Accounts 1.3 1.3 0.5 -- 3.1 Other 3.7 11.0 -- 2.7 12.0 Additions charged to other accounts in 1993, 1992 and 1991 were charged to revenues. Deductions to the reserve for capacity rationalization represent charges associated with idle expense in 1993, 1992 and 1991.

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