Cleveland-Cliffs Invests In American Stainless Steelmaking Advancement with New $150M Line
Key Ideas
  • Cleveland-Cliffs celebrated the opening of a new $150 million bright anneal line in Coshocton, Ohio, emphasizing the advancement of US manufacturing.
  • The high-tech line utilizes a 100% hydrogen atmosphere, promoting sustainability by recycling gas and replacing acid-based processing.
  • State leaders, union workers, and officials praised the project for boosting local economies, creating jobs, enhancing national security, and supporting American steel production.
  • The investment in American steelmaking showcased the ability of US workers to compete globally when given a fair playing field, aligning with the America First agenda.
Cleveland-Cliffs reached a significant milestone in American stainless steelmaking by unveiling its new $150 million bright anneal line at the Coshocton Works in Ohio. The ribbon-cutting ceremony was attended by Chairman, President, and CEO Lourenco Goncalves, along with state leaders and union workers. The project was highlighted as a testament to the vitality and progress of US manufacturing. The advanced line operates in a 100% hydrogen atmosphere, promoting sustainability by recycling gas and ditching acid-based processing. The facility is strategically positioned to cater to high-end auto and appliance markets while combatting imports, particularly stainless steel from Finland rerouted through Mexico. Ohio Governor Mike DeWine emphasized the economic and security implications of the project, underscoring the importance of domestic steel production for job creation and national interests. Union leaders and officials praised the investment, acknowledging its role in fostering local economies and supporting American steelworkers. The ceremony showcased the transformation of a once grassy field into a cutting-edge steel facility by union contractors and employees who dedicated thousands of hours to its construction. The sentiment of pride and accomplishment resonated throughout the event, with the Secretary of State and Senator highlighting the competitive edge of American workers in a global arena. Goncalves reaffirmed Cleveland-Cliffs' commitment to investing in the US, citing favorable market conditions. The project symbolized the success of the America First agenda by prioritizing domestic manufacturing and job growth, reinforcing the belief in American workers' capabilities on a global scale.
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