Cleveland-Cliffs Inc

Apr. 15 -- Lawmakers Urge President Trump to Preserve American Electrical Steel Industry

U.S. Representatives Mike Kelly (R-Pa.), Marcy Kaptur (D-Ohio) and Troy Balderson (R-Ohio) were joined by a bipartisan group of lawmakers to urge President Trump to address the unfair trade practices that are threatening AK Steel’s electrical steel business. AK Steel, a wholly owned subsidiary of Cleveland-Cliffs, is the last remaining producer of electrical steel in North America.

In the letter, the Representatives expressed concern that some bad actors are intentionally avoiding national security tariffs imposed on imports of grain-oriented electrical steel under Section 232. Cleveland-Cliffs CEO Lourenco Goncalves made clear to Secretary of Commerce, Wilbur Ross, that unless this circumvention is immediately addressed, the company will have no choice but to close AK Steel plants in Butler, PA and Zanesville, OH, which threatens more than 1,500 jobs and the security of America’s power grid.

The press release and letter can be read on U.S. Representative Kelly's website.

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Latest Events

Goldman Sachs Global Metals and Mining Conference
November 29, 2017

Cliffs Chairman, President & CEO Lourenco Goncalves will be webcasting his presentation at the Goldman Sachs Global Metals & Mining Conference in New York.

The Company invites interested parties to listen to a live broadcast of the presentation. A link to the webcast will be available on the home page of clevelandcliffs.com

When:   Wednesday, November 29, 2017, at 11:15 a.m. ET

Web Address:   www.clevelandcliffs.com

If you are unable to participate during the live webcast, the call will be archived at www.clevelandcliffs.com.

200 Public Square, Suite 3300, Cleveland. OH 44114-2544 - Phone: 216-694-5700