30
Apr
01:00
Cliffs in talks to build DRI facility in Minnesota
Cliffs Natural Resources is in talks to place a new merchant direct reduced iron (DRI) pellet facility in Minnesota, according to comments from ceo Lourenco Goncalves on an earnings conference call this week.
As US steel production is only 40% integrated mills and 60% mini mills utilizing EAF technology, Goncalves said Cliffs is ready to tap into the bigger portion of the market. It is getting into the “EAF business. We are going to produce DR pellets,…
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Anonymous
Very good overview of the weekly steel market.
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