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0 0.00211565585331461 -0.00141043723554299 -0.000705218617771494 0 0.00141043723554311 -0.00210860366713678 -0.00211565585331448
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Cleveland-Cliffs Announces Breakthrough Replacement of Aluminum with Steel in Automotive Stamping Equipment

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a production trial in collaboration with a major automotive OEM, in which Cleveland-Cliffs’ exposed steel parts were stamped with no defects using the OEM’s existing aluminum-forming equipment. The trial marks a significant milestone in demonstrating that Cliffs steel can effectively replace aluminum in critical automotive applications without the need for costly retooling. This accomplishment is a major breakthrough in the wake of recent major disruptions, presumably long-lasting, in the aluminum supply chain.This achievement was made possible through Cliffs’ industry-leading technical service and application engineering teams, who worked directly with the OEM’s production and tooling specialists to fine-tune the material design and forming parameters. The result was a smooth transition from aluminum to steel, with no changes required to the stamping line.As of now, Cl Show less Read more
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