Cannon Automotive Solutions

Cleveland-Cliffs hosted Chris Wright, U.S. Secretary of Energy; Audrey Robertson, Assistant Secretary of Energy; and William Kimmitt, Under Secretary of Commerce, at its Butler Works facility to showcase the Company's previously announced Grain Oriented Electrical Steel (GOES) expansion project. The visit highlighted Cleveland-Cliffs' $200 million investment in Butler Works, supported by a $75 million award from the U.S. Department of Energy, which will strengthen domestic manufacturing capacity for a critical material used in electrical transformers that support the nation's power grid.

The complete news release is online. You can also watch the speakers' presentations on the Cleveland-Cliffs YouTube channel, available at the link below.Photo: (L-R) Audrey Robertson, Assistant Secretary of Energy; Lourenco Goncalves, Chairman and CEO, Cleveland-Cliffs, Chris Wright, U.S. Secretary of Energy; William Kimmitt, Under Secretary of Commerce; Congressman Mike Kelly, U.S. House of Representatives, and Jamie Sychak, President UAW Local 3303

Cleveland-Cliffs announced today that the U.S. Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment, rescoping the previously awarded $500 million DOE grant. The optimization project represents a total investment of $1 billion in Middletown Works, with funding shared equally by Cleveland-Cliffs and the DOE.You can read the news release at the link below. Mr. Goncalves' remarks at an event celebrating the investment are available on the Cleveland-Cliffs YouTube channel.Photo caption: Lourenco Goncalves, Chairman and Chief Executive Officer of Cleveland-Cliffs, speaks at Middletown Works.