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Stock impact report

Cleveland-Cliffs Reiterates Commitment to Middletown Works Project [Yahoo! Finance]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
CLF recently said that it remains entirely committed to the transformational project taking place at its Middletown Works integrated facility in Middletown, OH. CLF was selected for award negotiations for up to $500 million in total funding from the Department of Energy to replace its Middletown blast furnace with a Direct Reduced Iron plant and two Electric Melting Furnaces. It is still in active negotiations with the Department of Energy about the award-specific terms and conditions. Cleveland-Cliffs remains optimistic about gaining final approvals and moving forward with this carbon-friendly, high-return project. It is continuing to move ahead with award negotiations and project execution for the transformational Middletown project. The project confirms Cleveland-Cliffs' status as a global technological leader in steelmaking. Following its recent real-life hydrogen reduction trials at Indiana Harbor and Middletown, as well as its success with Direct Reduction in Toledo, OH, this Show less Read more
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