Cleveland-Cliffs Breaks Ground on HBI Plant in Ohio
“Today, we are launching a new era for the iron and steel industry in the United States,” said Lourenco Goncalves, chairman, president and CEO, Cleveland- Cliffs. “We are taking the initial steps to enable EAF steelmakers to produce the specs associated with high-margin steels for sophisticated end markets, such as automotive and others.
For decades, Cleveland-Cliffs has been supplying the American steelmakers in the Great Lakes with customized pellets to feed their blast furnaces. “With the growth in participation of EAFs, it was just a matter of time for Cliffs to become a supplier of these important steelmakers,” Goncalves said. “Its HBI will be for the EAFs the same great feedstock our taconite pellets are, and will continue to be, for our blast furnace clients.”
Cleveland-Cliffs is the largest and oldest independent iron ore mining company in the United States. The company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. It also operates an iron ore mining complex in Western Australia.