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Cleveland-Cliffs Prepares to Launch US$100 Million Investment at Indiana Harbor
08/17/2021 - Cleveland-Cliffs is investing US$100 million in the No. 7 Blast Furnace at Indiana Harbor East in East Chicago, Ind., USA, according to The Times newspaper of northwest Indiana.
The furnace, which will be idled between 1 September and 15 October, will be upgraded to accept both iron ore and hot briquetted iron (HBI), which is intended to reduce its carbon footprint.
"When that furnace comes back, it will be larger, using a lot more HBI and emitting a lot less CO2," Cleveland-Cliffs president and chief executive Lourenco Goncalves said. "It's already very good. We use massive amounts of HBI and we inject natural gas in the furnace.”
The Times has more here.
