Steel Mills

Cleveland-Cliffs Idles AK Coal Indefinitely
Written by Sandy Williams
April 7, 2020
Cleveland-Cliffs will idle AK Coal due to reduced demand for coal in internal operations resulting from manufacturing shutdowns related to the COVID-19 pandemic.
The company said in a statement: “Cleveland-Cliffs continues to evaluate internal operational requirements for metallurgical coal required for steelmaking. Significant reductions in manufacturing in the United States resulting from the COVID-19 pandemic, particularly among our automotive clients, have dramatically reduced our internal need for coal, leading to the indefinite idling of the coal mine. The coal leadership team will maintain the assets and ensure environmental compliance with state and federal regulations. Longer term options, including a sale of the asset, will be evaluated during this indefinite idle of AK Coal.”
Cleveland-Cliffs CEO Lourenco Goncalves divested the company of its final coal operations at the end of 2015 in favor of a pellet-centric strategy. Acquisition of AK Steel last year included the coal operations in Somerset, Pa.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.