Current:Home > MyCleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant -Secure Growth Academy
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
View
Date:2025-04-17 04:19:24
CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Monday it will produce electrical transformers in a $150 million investment at a West Virginia facility that closed earlier this year.
The company hopes to reopen the Weirton facility in early 2026 and “address the critical shortage of distribution transformers that is stifling economic growth across the United States,” it said in a statement.
As many as 600 union workers who were laid off from the Weirton tin production plant will have the chance to work at the new facility. The tin plant shut down in February and 900 workers were idled after the International Trade Commission voted against imposing tariffs on tin imports.
The state of West Virginia is providing a $50 million forgivable loan as part of the company’s investment.
“We were never going to sit on the sidelines and watch these jobs disappear,” West Virginia Gov. Jim Justice said in a statement.
The Cleveland-based company, which employs 28,000 workers in the United States and Canada, expects the facility will generate additional demand for specialty steel made at its mill in Butler, Pennsylvania.
In a statement, Lourenco Goncalves, Cleveland-Cliffs’ president, chairman and CEO, said distribution transformers, currently in short supply, “are critical to the maintenance, expansion, and decarbonization of America’s electric grid.”
The tin facility was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003. International Steel Group bought Weirton Steel in federal bankruptcy court in 2003. The property changed hands again a few years later, ultimately ending up a part of Luxembourg-based ArcelorMittal, which sold its U.S. holdings to Cleveland-Cliffs in 2020.
Weirton is a city of 19,000 residents along the Ohio River about 40 miles (64 kilometers) west of Pittsburgh.
veryGood! (162)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- A Coal Ash Spill Made These Workers Sick. Now, They’re Fighting for Compensation.
- Trump’s ‘Energy Dominance’ Push Ignores Some Important Realities
- In Maine, Many Voters Defied the Polls and Split Their Tickets
- South Korean president's party divided over defiant martial law speech
- Rachel Hollis Reflects on Unbelievably Intense 4 Months After Ex-Husband Dave Hollis' Death
- Conservative businessman Tim Sheehy launches U.S. Senate bid for Jon Tester's seat
- In Maine, Many Voters Defied the Polls and Split Their Tickets
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Robert De Niro Reacts to Pal Al Pacino and Girlfriend Noor Alfallah's Baby News
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Don’t Miss This Cupshe 3 for $59 Deal: Swimsuits, Cover-Ups, Dresses, Pants, and More
- The Western Consumption Problem: We Can’t Just Blame China
- America’s No. 3 Coal State Sets Greenhouse Gas Reduction Targets
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The Heart Wants This Candid Mental Health Convo Between Selena Gomez and Nicola Peltz Beckham
- Armie Hammer Not Charged With Sexual Assault After LAPD Investigation
- U.S. Supreme Court Refuses to Block Exxon Climate Fraud Investigation
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Microinsurance Protects Poor Farmers Facing Increasing Risks from Climate Change
Poor Nations to Drop Deforestation Targets if No Funding from Rich
United Airlines CEO blasts FAA call to cancel and delay flights because of bad weather
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Kim Cattrall Returning to And Just Like That Amid Years of Feud Rumors
America’s No. 3 Coal State Sets Greenhouse Gas Reduction Targets
Supreme Court rejects independent state legislature theory in major election law case