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Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...
According to multiple media outlets, Cleveland-Cliffs wants to buy the iconic company with the help of North Carolina’s Nucor Steel. This, after President Joe Biden blocked Japanese-owned Nippon ...
Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a news conference. “I ...
Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s automakers ...
In 1986, the company closed the Monessen rail mill that employed 200 people. [3] That same year, Wheeling-Pitt opened a galvanizing plant for automotive sheet steel as a joint-venture with Nippon Steel in Follansbee, WV. The company reduced its employee count from 8,500 in 1985 to 6,500 in 1990. [2]
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Cleveland-Cliffs made a bid for U.S. Steel in 2023, proposing to buy the company for about $7.25 billion. Yet U.S. Steel was worried that a deal with Cleveland-Cliffs, another U.S. company, could ...
An article in Progressive Railroading dated November 9, 2020 announced that Cleveland-Cliffs Inc. "intends to acquire control of six short lines owned by ArcelorMittal USA LLC," which will include the Brandywine Valley Railroad.