InvestingPro Insights Cleveland-Cliffs Inc. (NYSE: CLF) has made a strategic move with its latest investment in a new electrical distribution transformer production plant.

Cleveland-Cliffs says it will produce electrical transformers in a $150 million investment at a former tin plant in Weirton, West Virginia.

Cleveland-Cliffs plans to invest $150 million in a new state-of-the-art electrical transformer production plan in West Virginia.

The interior of Cleveland-Cliffs' former tinplate plant in Weirton, West Virginia, which the company planned to revive as a maker of electrical transformers. It has now abandoned that plan.

(WTRF) – Reactions from federal officials representing West Virginia are pouring in since Cleveland-Cliffs announced it will no longer be deploying capital toward the development of a ...

Cleveland-Cliffs Inc. is moving forward with a plan, first floated this spring, to redevelop part of an idled West Virginia sheet steel plant and make distribution transformers there. Lourenco ...

(The Center Square) – West Virginia plans to grant Cleveland-Cliffs $50 million toward operations of its Weirton facility. The company announced it was closing the facility in February. The ...

Cleveland-Cliffs Inc. announced today that it will establish a new electrical distribution transformer production plant in Weirton, giving new life to a site location that had been idled.

CLEVELAND, July 22, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will establish a new electrical distribution transformer production plant in Weirton, West Virginia. This ...

Associated Press CHARLESTON, W.Va. (AP) — Cleveland-Cliffs says it will produce electrical transformers at a West Virginia facility that closed earlier this year. Cleveland-Cliffs plans to ...

CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Monday it will produce electrical transformers in a $150 million investment at a West Virginia facility that closed earlier this year.