Steel Mills

Goncalves, Granholm tout domestic steelmaking at Cliffs' Butler Works
Written by Ethan Bernard
April 23, 2024
Cleveland-Cliffs’ chief Lourenco Goncalves and US Secretary of Energy Jennifer Granholm stressed the importance of the American steel industry and domestic manufacturing at Cliffs’ Butler Works in Pennsylvania on Monday.
“We’ve seen what happens when we let our supply chains move overseas,” Granholm said during an event that gathered company, union, and government officials.
“The Department of Energy is awarding $75 million to decarbonize the production of grain-oriented electrical steel (GOES), making our steel among the lowest emissions in the world,” Granholm stated.
She said that President Biden’s commitment to the US steel industry is why he called for a tripling of tariffs on Chinese steel last week.
Earlier this month, DOE finalized congressionally mandated energy-efficiency standards for transformers. Cliffs said at the time the rule will provide for the continued use of GOES in virtually all of Cliffs’ current distribution transformer end markets. Cliffs’ Butler facility produces stainless and electrical carbon steel.
“So proud to be standing here and be able to say, ‘Butler Works, you’re going to stay in business,'” Granholm said.
Likewise, Goncalves, Cliffs’ chair, president, and CEO, emphasized the importance of American manufacturing.
“We’d like to continue to generate jobs. We’d like to continue to generate more and more strengths in manufacturing in America. And then we will be back being the envy of the world,” Goncalves said.
He also spoke of an upcoming shortage of transformers due to high demand.
“As far as I know, there’s a shortage of transformers right now,” he said, noting that demand will spike as more government infrastructure money is rolled out.
Also present at the event were US Reps. Chris Deluzio (D-Pa.) and Mike Kelly (R-Pa.); Jamie Sychak, president of United Auto Workers Local 3303; Daniel Vicente, director of UAW Region 9; and Kevin Boozel, Butler County Commissioner.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.

CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."