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

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 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.

Cleveland-Cliffs Inc. executives will not build an electric transformer manufacturing plant at an idled West Virginia sheet steel plant, with the steel maker’s CEO saying the company’s partner in the ...

(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 ...

(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. 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 ...

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 ...

WEIRTON - Cleveland-Cliffs Inc. (NYSE: NYSE: CLF ), a major North American steel producer, announced the establishment of a new $150 million electrical distribution transformer production plant in ...