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Cleveland-Cliffs Inc. (NYSE: CLF) is hosting Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania following the DOE's transformer efficiency standard rule. Cleveland-Cliffs, the sole producer of GOES in the U.S., is in negotiations for up to $75 million in funding for a decarbonization investment. The visit includes a plant tour, meetings with company officials, employees, and union leaders, and a live streamed speaking program with Secretary Granholm discussing potential investments and job protection.
Cleveland-Cliffs Inc. (NYSE: CLF) ospita la Segretaria Jennifer Granholm nello stabilimento di Butler Works in Pennsylvania, in seguito alla normativa dell' DOE sull'efficienza dei trasformatori. Cleveland-Cliffs, unico produttore di GOES negli Stati Uniti, è in trattative per un finanziamento fino a 75 milioni di dollari per un investimento di decarbonizzazione. La visita include un tour dello stabilimento, incontri con i dirigenti dell'azienda, i dipendenti e i leader sindacali, e un programma di discorsi trasmessi in diretta con la Segretaria Granholm su potenziali investimenti e la protezione dei posti di lavoro.
Cleveland-Cliffs Inc. (NYSE: CLF) está recibiendo a la Secretaria Jennifer Granholm en su planta de Butler Works en Pensilvania, tras la reglamentación del DOE sobre la norma de eficiencia de transformadores. Cleveland-Cliffs, el único productor de GOES en EE. UU., está negociando hasta 75 millones de dólares en financiación para una inversión en descarbonización. La visita incluye un recorrido por la planta, reuniones con funcionarios de la empresa, empleados y líderes sindicales, y un programa de discursos transmitidos en vivo con la Secretaria Granholm discutiendo posibles inversiones y la protección del empleo.
Cleveland-Cliffs Inc. (NYSE: CLF)는 DOE의 변압기 효율 규정에 따라 펜실베니아에 위치한 버틀러 워크스 공장에서 Jennifer Granholm 장관을 주최합니다. 미국에서 유일한 GOES 생산자인 Cleveland-Cliffs는 탈탄소 투자를 위해 최대 7500만 달러의 자금 지원을 협상 중입니다. 방문에는 공장 투어, 회사 관계자들, 직원들, 그리고 노조 지도자들과의 회의, 그리고 잠재적인 투자와 일자리 보호에 대해 논하는 Granholm 장관과 함께하는 생중계 스피치 프로그램이 포함됩니다.
Cleveland-Cliffs Inc. (NYSE: CLF) accueille la Secrétaire Jennifer Granholm dans son usine Butler Works en Pennsylvanie, suite à la norme de rendement des transformateurs du DOE. Cleveland-Cliffs, seul producteur de GOES aux États-Unis, est en négociation pour un financement allant jusqu'à 75 millions de dollars pour un investissement de décarbonation. La visite comprend une visite de l'usine, des réunions avec les dirigeants de l'entreprise, les employés et les leaders syndicaux, ainsi qu'un programme de discours diffusé en direct avec la Secrétaire Granholm discutant des investissements potentiels et de la protection des emplois.
Cleveland-Cliffs Inc. (NYSE: CLF) empfängt die Ministerin Jennifer Granholm im Butler Works Werk in Pennsylvania im Anschluss an die DOE-Regelung zur Transformator-Effizienznorm. Cleveland-Cliffs, der einzige Produzent von GOES in den USA, befindet sich in Verhandlungen über eine Finanzierung von bis zu 75 Millionen Dollar für eine Dekarbonisierungsinvestition. Der Besuch umfasst eine Werkstour, Treffen mit Unternehmensleitern, Mitarbeitern und Gewerkschaftsführern sowie ein live übertragenes Redeprogramm mit Ministerin Granholm, das potenzielle Investitionen und den Schutz von Arbeitsplätzen thematisiert.
Positive
Cleveland-Cliffs is the sole producer of Grain-Oriented Electrical Steel (GOES) in the United States.
The company is in negotiations for up to $75 million in funding from the Department of Energy for a decarbonization investment at Butler Works.
Secretary Granholm's visit aims to discuss potential investments and the protection of steelmaking jobs at the plant.
The event includes a plant tour, meetings with company officials, employees, and union leaders, and a live streamed speaking program with featured speakers.
The DOE's final distribution transformer rule aims to protect approximately 1,300 steelmaking jobs and ensure the sustainability of GOES in the U.S. electric grid.
Negative
None.
CLEVELAND--(BUSINESS WIRE)--
Cleveland-Cliffs Inc. (NYSE: CLF) announced that it is hosting Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania today, April 22nd. The Secretary’s visit follows the recent Department of Energy’s (DOE) final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of electrical distribution transformer end markets. Cleveland-Cliffs is the sole producer of GOES in the United States, and was selected for award negotiations for up to $75 million in total funding from the DOE to pursue a decarbonization investment at Butler Works.
During the visit, Secretary Granholm will tour the plant and meet with Cleveland-Cliffs’ Chairman, President and Chief Executive Officer Lourenco Goncalves, company officials, employees as well as union leaders from the United Auto Workers (UAW), the United Steelworkers (USW) and the International Association of Machinists (IAM). Mr. Goncalves will be hosting a speaking program with Secretary Granholm and other invited speakers that will be live streamed on the Company’s YouTube channel. The Secretary is expected to share remarks regarding the Department of Energy’s potential decarbonization investment in Butler Works and DOE’s final distribution transformer rule that protects approximately 1,300 good-paying, steelmaking jobs, ensuring that GOES will continue to sustain the U.S. electric grid.
Featured Speakers
Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer
The Honorable Jennifer M. Granholm, Secretary, U.S. Department of Energy
The Honorable Chris Deluzio, U.S. Representative (PA-17)
The Honorable Mike Kelly, U.S. Representative (PA-16)
Jamie Sychak, President - UAW Local 3303
Daniel Vicente, Director - UAW Region 9
Kevin Boozel, Butler County Commissioner
Livestream Details:
Cleveland-Cliffs Program
Monday, April 22, 2024
Time: 2:30 p.m. ET
A replay will be available after the event on Cleveland-Cliffs’ channel.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs is also the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. Cleveland-Cliffs is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 28,000 people across its operations in the United States and Canada.
arcelormittal usa is part of arcelormittal, the world’s leading steel and mining company. guided by a philosophy to produce safe, sustainable steel, we are a leading supplier of quality steel products in major north american markets including automotive, construction, pipe and tube, appliance, container and machinery. arcelormittal usa employs more than 20,000 people at 27 operations across 13 of the united states. we aim to give our employees every chance to flourish in their careers and grow as part of a global company. we offer a wealth of diverse opportunities. whether you work in production in pennsylvania or as a purchaser in indiana, joining arcelormittal is the start of a journey that, we hope, will lead to a rewarding career. we are always looking for the best and brightest minds to help us transform the future of steel.
