Cleveland-Cliffs plans to restart the No. 6 blast furnace at its steel mill in Cleveland, Ohio, a company spokeswoman said.
Output from the No. 6 furnace will help to replace lost production from the steelmaker taking down for maintenance the No. 3 furnace at its Middletown, Ohio, mill, she said.
“We are not planning to increase steel production as we have enough capacity installed to best serve our customers. Cleveland-Cliffs is about value over volume,” the spokeswoman said.
The Cleveland mill has two blast furnaces: No. 5 and No. 6. The No. 6 blast furnace has been on hot idle since April 2020, she said.
Cliffs does not plan to increase production, but instead to rotate furnaces on and off as necessary to perform maintenance while keeping output steady, the spokeswoman said.
Some steel consumers had hopes that Cliffs would restart additional capacity in order to relieve a spot market supply squeeze that has sent hot-rolled coil prices to their highest point ever.
The No. 6 blast furnace at Cleveland has annual capacity of 1.37 million tons per year, according to the Association for Iron & Steel Technology’s (AISTech’s) 2020 directory of iron and steel plants.
The No. 3 furnace at Middletown–the only one at that mill–has annual capacity of 2.09 million tons, per AISTech.
All told, Cliffs has 10 blast furnaces, the spokeswoman said.
Previously known primarily as a mining company, Cliffs has become the largest flat-rolled steelmaker in the U.S. following its acquisition of AK Steel and the integrated steelmaking assets of ArcelorMittal USA.
By Michael Cowden, firstname.lastname@example.org
John Packard contributed to this article.
Michael CowdenRead more from Michael Cowden
Latest in Steel Mills
Hybar locks in 16 cranes for new Arkansas mill
Hybar's new rebar mill is set to be outfitted with 16 cranes of various capacities, according to a news release from Finnish crane manufacturer, Konecranes.
Algoma VP of sales Brandow to retire
Canadian steelmaker Algoma has announced the retirement of its VP of sales Rory Brandow, effective Dec. 1.
Nucor To Modernize Alabama Plate Mill
Nucor Corp. has announced a $280-million investment to modernize its plate mill in Tuscaloosa, Ala.
SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.
California Legislators Urge U.S. Steel to Find a Buyer for UPI Mill
A group of California members of Congress is calling on U.S. Steel to keep its USS-UPI steel mill in Pittsburg, Calif., open by finding a buyer for the operations.