Page 8 - Leveland Cliffs News Today

The United Steelworkers union and Cleveland-Cliffs reached a tentative labor agreement after months of negotiation.

Cleveland-Cliffs reported a $601 million profit in the second quarter.

The explosion Sunday in a raw materials section of the sprawling Cleveland-Cliffs Indiana Harbor West mill on the Lake Michigan shoreline “was caused by rainwater meeting the hot slag.”

Two of Northwest Indianas biggest steel companies ranked back-to-bank on the newly released Fortune 500 list for 2022.

The explosion in a raw materials section of the sprawling steel mill on the Lake Michigan shoreline "was caused by rainwater meeting the hot slag," IDEM said.

The explosion occurred at a contractors facility at the mill that turns slag into cement, Cleveland-Cliffs said.

The Cleveland-based steelmaker, a major pillar of the Calumet Region economy, reported all-time annual records in revenues, net income, adjusted EBITDA and free cash flow last year after absorbing ArcelorMittal

Cleveland-Cliffs just marked 175 years in business.

Cleveland-Cliffs reported a first quarter profit of $801 million.

"What we have learned during the pandemic ... is how important it is to be self-sufficient in producing our steel, how important it is that were investing in this industry."