Cleveland-Cliffs has given $1 million to hunger relief across the nation, including to the Northwest Indiana Food Bank.
The steelmaker, which just acquired most of ArcelorMittal USA for $1.4 billion, gave cash to 44 hunger relief agencies in 35 communities across North America where it has operations.
The Cleveland-Cliffs Foundation donated enough cash to pay for 10 million meals in Ohio, Alabama, Kentucky, Illinois, Indiana, Michigan, Minnesota, North Carolina, Pennsylvania, West Virginia, and Ontario, Canada.Â
âWe sadly recognize that, throughout the United States and Canada, millions of households are experiencing food insecurity amid the economic impact of the coronavirus pandemic, Chairman, President and CEO Lourenco Goncalves said. As a direct consequence, local food banks are being challenged to respond to the needs of a growing number of their fellow citizens. As a leader in the North American steel industry and a prominent employer in many of the communities whe
The Region s integrated steelmakers now in the mini-mill businesses too nwitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwitimes.com Daily Mail and Mail on Sunday newspapers.
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  Plant idlings, employee furloughs and a production downturn, hit the industry hard.
  At the same time, mega consolidations and acquisitions hold promise to lead the iron and steel industries into a new future.
  Major industry consolidation occurred some 20 years ago. However, even more consolidation took place this year. Cleveland-Cliffs, Inc. led the way.
  ⢠Cliffs completed two major consolidations which for the first time moved the 173-year-old company into steelmaking.
  ⢠United States Steel Corp. expanded into electric arc furnace steelmaking and agreed to option interest in its mammoth Minntac Mine in Mountain Iron.
  After the industry hit the skids in the spring, domestic steel prices and global iron ore prices by the end of 2020 skyrocketed to the highest levels in years.   Â
After divesting its Region steel mills, ArcelorMittal building $600 million furnace in Alabama nwitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwitimes.com Daily Mail and Mail on Sunday newspapers.