Steel Mills
Cliffs slates layoffs at Minnesota mines due to excess iron ore supply
Written by Laura Miller
March 21, 2025
Citing an excess supply of iron pellets from last year, Cleveland-Cliffs said Friday it plans to temporarily idle portions of its mining operations in Minnesota, impacting the jobs of 630 employees.
“Cleveland-Cliffs has issued WARN notices related to the planned idle of its Minorca mine and partial idle of its Hibbing mine,” the company told SMU in an email.
The temporary measures “are necessary to re-balance working capital needs and consume excess pellet inventory produced in 2024,” it added.
Cliffs said that after the completion of a required 60-day WARN period, 630 positions will be impacted.
“We remain committed to supporting our employees and communities while monitoring market conditions,” Cliffs’ statement concluded.
Both the Minorca and Hibbing taconite mines are located in the center of the Mesabi Iron Range in northeastern Minnesota.
The Minorca mine near Virginia, Minn., produces ~3 million long tons of iron-bearing pellets annually, which are shipped to and consumed by Cliffs’ Indiana Harbor plant in East Chicago, Ind. The No. 7 blast furnace is the only furnace in operation at the facility.
The Hibbing open-pit taconite mine north of Hibbing, Minn., is majority-owned by Cliffs; U.S. Steel also has a small stake in the operations.
Laura Miller
Read more from Laura MillerLatest in Steel Mills
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.
USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.
ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.