Cleveland-Cliffs Temporarily Shuts Down Construction of its HBI Project
March 19 2020 - 8:46PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today,
following guidelines from the office of the Governor of Ohio
regarding COVID-19 virus concerns, the Company is temporarily
shutting down construction activities at its hot-briquetted iron
(HBI) project site in Toledo, Ohio. Effective March 20th, all
construction activity at the site will cease by the end of the
business day. Cleveland-Cliffs will continue to monitor the
COVID-19 situation and will re-start construction of the HBI plant
as soon as feasible. All other Cleveland-Cliffs iron ore mining and
steelmaking facilities will remain in operation.
About Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs is among the largest
vertically integrated producers of differentiated iron ore and
steel in North America. With an emphasis on non-commoditized
products, Cliffs is uniquely positioned to supply both customized
iron ore pellets and sophisticated steel solutions to a
quality-focused customer base, with an industry-leading market
share in the automotive industry. A commitment to environmental
sustainability is core to our business operations and extends to
how we partner with stakeholders across our communities and the
steel value chain. Headquartered in Cleveland, Ohio,
Cleveland-Cliffs employs approximately 12,000 people across mining
and steel manufacturing operations in the United States, Canada and
Mexico. For more information, visit
http://www.clevelandcliffs.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200319005874/en/
MEDIA CONTACT: Patricia Persico Director, Corporate
Communications (216) 694-5316
INVESTOR CONTACT: Paul Finan Director, Investor Relations
(216) 694-6544
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