Cleveland-Cliffs Enters the Scrap Business and Announces Acquisition
Raw Material Operations
Hibbing Taconite Company produces about 7.8 million tons of standard iron-bearing pellets and mines about 29 million tons of ore annually. Hibbing is a joint venture between Cleveland-Cliffs and U.S. Steel. The pellets are shipped to Cleveland-Cliffs’ facility in Burns Harbor, Indiana.
Hibbing operations consist of an open-pit truck and shovel mine and a concentrator that utilizes single-stage crushing, autogenous mills, and magnetic separation to produce a magnetite concentrate. The concentrate is then delivered to an on-site pellet plant. From the site, pellets are transported by BNSF rail to a ship loading port at Superior, Wisconsin.