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-0.000667853962600203 0.00132235084594843 -0.00200356188780045 0.000667853962600203 0.0011130899376669 0.00422974176313441 0.00623330365093502 0.00712377560106857
Stock impact report

Cleveland-Cliffs (CLF) to Receive $575M in DOE Investments [Yahoo! Finance]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
the United States Department of Energy ("DOE") to pursue two decarbonization investments at Middletown Works in Ohio and Butler Works in Pennsylvania. Following successful discussions, these projects will enable significant reductions in greenhouse gas (GHG) emissions across the Cliffs' footprint, as well as efficiencies that will significantly lower operating costs while securing and expanding good-paying Union employment. This funding is made available through the DOE's Industrial Demonstrations Program, which is supported by the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. If the up to $500 million grant for Middletown Works Direct Reduced Iron (DRI) plant and electric melting furnaces is awarded, CLF will replace its existing blast furnace at its facility in Middletown, OH, with a 2.5mtpa Hydrogen-Ready DRI plant and two 120 MW Electric Melting Furnaces (EMF) to feed molten iron to the existing infrastructure, which includes the BOF, Caster, Hot Stri Show less Read more
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