Cliffs picks Toledo site for first hot briquetted iron plant

June 15, 2017

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US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market.
Cliffs advised that it is currently in discussions to bring on board several passive financial partners for the project.

Category: General