Cleveland-Cliffs Inc. Tops Out Furnace Tower at Toledo HBI Facility
September 30 2019 - 4:59PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced that as of
today, it has completed the erection of the 457-foot furnace
reactor tower for its hot briquetted iron (HBI) project in Toledo,
OH. This represents a significant milestone in the construction
process as the furnace tower was the key critical path item in
facilitating the advanced start-up date for the commercial
production of HBI. A photograph of the tower is included with this
release as well as on the Company website at
clevelandcliffs.com.
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Furnace tower topped off: maximum height
of 457 feet has been reached. (Photo: Business Wire)
The erection of the tower took just 296 days to complete, which
is the fastest timeframe ever for a Midrex facility. The completion
of the tower involved 11 separate lifts using a Liebherr LR-13000
crawler crane, one of the largest construction cranes in service
throughout North America with a 3,000 ton lifting capacity. The
crane will be disassembled during the month of October.
Lourenco Goncalves, Cliffs’ Chairman President, and CEO said: “I
want to publicly thank the HBI construction team for their efforts
in the completion of this crucial milestone ahead of our original
schedule. I am proud that this portion of the project was
accomplished in record time, and also completed with an
industry-best environmental and safety record with 1.7 million man
hours. Thanks to this hard work, we remain ahead of schedule with a
commercial production start date in the first half of 2020.”
Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs Inc. 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. By 2020, Cliffs expects to be the sole
producer of hot briquetted iron (HBI) in the Great Lakes region
with the development of its first production plant in Toledo, Ohio.
Driven by the core values of safety, social, environmental and
capital stewardship, Cliffs’ employees endeavor to provide all
stakeholders with operating and financial transparency.
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MEDIA CONTACT: Patricia Persico Director, Corporate
Communications (216) 694-5316
INVESTOR CONTACT: Paul Finan Director, Investor Relations
(216) 694-6544
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