Updated: June 09, 2021 11:19 AM
Created: June 09, 2021 11:17 AM
Wednesday was the day to celebrate Cleveland-Cliffs' state of the art DRI facility built in Toledo, Ohio. The company hosted a ribbon cutting with elected leaders who made it possible for the project.
CEO Lourenco Goncalves said, "Today we are celebrating a new era for the iron and steel industry in the United States. This event formally marks the culmination of our $1 billion investment to build and operate the world’s most modern and environmentally friendly Direct Reduction plant, and the first plant of its kind constructed for the present and for the future.”
Mr. Goncalves added, “Natural gas based iron reduction is the future of our industry. The production and use of HBI within our operations has catalyzed what has been a phenomenal year for us and, very importantly, has supercharged our greenhouse emissions reduction program. It has also boosted our profitability through enhanced productivity in our blast furnaces and the avoidance of prime scrap purchases from third parties for use in our EAFs and BOFs.”
DR-grade pellets made at Northshore Mining feed the plant.
The Toledo facility came online late last year, during the pandemic. And Goncalves said they adopted safety protocols that are now used in other places.
Cliffs said that about 160 people work there.
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