13,297.41 TRY BIST 100 BIST 100
54.32 EUR EUR EUR
47.41 USD USD USD
7.06 CNY CNY CNY
54.32 EUR EUR EUR
47.41 USD USD USD
7.06 CNY CNY CNY
1.00 CNY CNY/CNY CNY/CNY
42.00 TRY Interest Interest
87.77 USD Fossil Oil Fossil Oil
6.51 USD Copper Copper
88.75 USD Silver Silver
95.35 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
95.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

US Department of Energy's decision secures Cleveland Cliffs Plant's future

The US Department of Energy (DOE) has postponed a crucial ruling, ensuring the continued operation of the Cleveland Cliffs Butler Works plant.

US Department of Energy's decision secures Cleveland Cliffs Plant's future

In a pivotal move, the US Department of Energy (DOE) has postponed a crucial ruling, ensuring the continued operation of the Cleveland Cliffs Butler Works plant. This decision, announced by the DOE, allows for adjustments in energy efficiency standards, granting companies extended timelines to utilize the steel produced at the facility.

Governor Josh Shapiro has hailed the decision, emphasizing its significance in preserving the steel production lineage in Western Pennsylvania. Congressman Mike Kelly attributed the reversal directly to the resounding community opposition, highlighting the impact of the Butler community's unified stance against the initial ruling.

Cleveland Cliffs, in a statement, expressed appreciation for the decision, foreseeing an upsurge in demand for their Grain-Oriented Electrical Steel. They anticipate this to potentially pave the way for future investments and expansions.

The reprieve brought about by the DOE's decision is substantial, safeguarding over 1,500 jobs across Butler, Pennsylvania, and Zanesville, Ohio, as confirmed by Cleveland Cliffs.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tosyalı DRI II plant sets new production record among MIDREX® plants

Friday, July 31, 2026

India's steel production and consumption continue to grow in the first quarter of the fiscal year

Friday, July 31, 2026

UNESID: Incorrect product classification may create an approximately EUR 300/mt difference in CBAM liability

Friday, July 31, 2026

AISI: China's "no overcapacity" report does not reflect reality

Friday, July 31, 2026

Gong ceremony held at Borsa Istanbul for Kardemir Çelik

Friday, July 31, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now