Cliffs Natural Resources picks Ohio for $700m HBI plant in USA

Cliffs Natural Resources has picked Toledo, Ohio, as the site for a $700-million hot-briquetted iron (HBI) production plant – only the third such facility in the USA.

Midrex Technologies will design, engineer and procure equipment for the 1.60 million tpy plant, Cliffs said on Thursday June 15. Cliffs has openly discussed developing an HBI plant since 2014. "[This] announcement marks a very important strategic milestone for Cliffs, as we begin to implement our plans be the sole producer of high-quality HBI for the [electric-arc furnace (EAF)] steel market in the Great Lakes Region,” Cliffs chairman, president and ceo Lourenco Goncalves said. The plant is expected to create 130 permanent jobs and more than 1,200 construction jobs over the next two years. State and local officials have offered about $30 million in grants and other financial incentives, Cliffs...


Nat Rudarakanchana

June 15, 2017

17:16 GMT