Town Manager Patrick Reardon said engineering firm Butler, Fairman & Seufert has prepared an application for federal funding available for road initiatives in the Region.
Each of Merrillville’s seven wards will have space designated outside the community center to gather for Night Out Aug. 2. Residents can bring chairs and grills to cook out and
Cleveland-Cliffs, one of the Calumet Region s largest industrial employers, forecasts it will pull in about $3.5 billion in earnings before interest, taxes, depreciation and amortization this year if prices hold up.
The Cleveland-based steelmaker, which bought ArcelorMittal USA and AK Steel last year, projects it will bring in $500 million in EBITDA in the first quarter and $1.2 billion in EBITDA in the second quarter of 2021. The projections assume hot-rolled coil prices in the United States will continue to average $975 per ton for the rest of the year.
Cleveland-Cliffs plans to report its first-quarter earnings on April 22.
Last year, the steelmaker pulled in $353 million in EBITDA but posted a loss of $81 million because of $186 million in costs related to acquisition, severance and inventory step-up. It posted a strong fourth quarter in which it completed its acquisition of ArcelorMittal USA, pulling in a profit of $74 million on $286 million in EBITDA.