Steel Mills

Cliffs commissions stainless annealing line at Coshocton Works
Written by Ethan Bernard
June 20, 2025
Cleveland-Cliffs announced the commissioning of its Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio.
The $150 million capital investment has been completed. Cliffs said the line will supply premium stainless steel for high-end automotive and critical appliance applications.
Details
The annealing line utilizes a 100% hydrogen atmosphere instead of conventional acid-based processing. It also includes a hydrogen recovery unit to recycle hydrogen and uses a 50/50 mix of new and used hydrogen.
The Cleveland-based steelmaker said a ribbon cutting ceremony will be held on Wed., July 2, at Coshocton Works.
Goncalves lauds hydrogen
“Since acquiring AK Steel in 2020, our stainless steel business has been the most consistent profit-generating unit for Cleveland-Cliffs,” Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement on Friday.
“By using hydrogen and advanced automation, we’re dramatically improving the quality and productivity of this critical product that our customers rely upon Cleveland-Cliffs for,” he added.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.

ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.

Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.

Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”

Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.