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Wednesday, September 21, 2016 8:48:39 PM
LC intends on putting 5 DRI pellet plants in operation around the Great Lakes while also adding additional taconite pellet plants beginning in MN that will put an additional 250 people back to work getting Gov Dayton's approval on Cliffs acquiring bankrupt Essar Steels defunct mining leases.
AK Steels partner Magnetation just went BK who supported their pellet operation and mining activity for Indiana blast furnaces operated in partnership by AK Steel. AK Steel, still needs supply.
There is no other company in competition with Cliffs as nobody can handle any size load or demand.
Cliffs is going all in on supplying DRI grade pellets to the electric arc blast furnaces by expanding operations and enriching the pellet process to electric arc DRI grade and standards.
The steel industry as a whole is now 40% coal fired or crude steel and 60% electric arc. 5 years ago it was the exact opposite.
Electric arc is the direction the industry has been and will continue to go and Lorenco Gonclaves will already be there with absolutely no competition ready to deliver DRI grade pellets on demand.
This CEO has it going on and the promise is real.
Recent CLF News
- Cleveland-Cliffs Applauds DOE’s Final Transformer Efficiency Standard Rule • Business Wire • 04/04/2024 02:37:00 PM
- Cleveland-Cliffs Issues Sustainability Report for 2023 • Business Wire • 04/03/2024 08:05:00 PM
- Cleveland-Cliffs to Announce First-Quarter 2024 Earnings Results on April 22 and Host Conference Call on April 23 • Business Wire • 04/02/2024 08:10:00 PM
- Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products • Business Wire • 03/27/2024 01:21:00 PM
- Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies • Business Wire • 03/25/2024 10:12:00 AM
- Cleveland-Cliffs Announces Final Results of Tender Offer • Business Wire • 03/18/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 11:38:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 11:37:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 11:36:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 11:34:39 PM
- Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products • Business Wire • 03/07/2024 10:24:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 03/07/2024 05:29:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 01:14:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/07/2024 12:09:33 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:17:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:10:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 08:59:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:21:13 PM
- Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032 • Business Wire • 03/04/2024 08:24:00 PM
- Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026 • Business Wire • 03/04/2024 01:16:00 PM
- Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes • Business Wire • 03/04/2024 01:13:00 PM
- Cleveland-Cliffs and the United Steelworkers Union Jointly Comment on the Tin Mill Products Final Report Released by the ITC • Business Wire • 02/29/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 11:29:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 11:29:24 PM
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