Cleveland Cliffs Inc (CLF)

[winchem21]

This is a huge step forward putting a hot-DR plant at Middletown. Take in pellets from best iron mines and turn them into finished high-end steel at one location! Cuts transportation costs, as well as need for coke and prime scrap. Takes advantage of all the upgrades CLF invested there right after acquisition!

Getting the US government to invest half a billion $ in something CLF was probably going to do anyway. Will be interesting to see if a CCUS at Burns Harbor comes to fruition; another profit center from having 45-Q tax credits for capturing carbon dioxide.