Cleveland-Cliffs to Host United States Secretary of Energy Jennifer Granholm at its Butler Works
22 Avril 2024 - 1:00PM
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
The live broadcast is accessible via Cleveland-Cliffs’ YouTube
channel: Cleveland-Cliffs Live Stream Link
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240422299330/en/
MEDIA CONTACT: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316
INVESTOR CONTACT: James Kerr Director, Investor Relations
(216) 694-7719
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