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Cleveland-Cliffs temporarily shuts down construction of HBI Project in Ohio, due to COVID-19 concerns

 They saw an increase in profitability from quarter two, made possible by lower operating costs. (WLUC File Photo)
They saw an increase in profitability from quarter two, made possible by lower operating costs. (WLUC File Photo) (WLUC)
Published: Mar. 19, 2020 at 11:06 PM EDT
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Cleveland-Cliffs Inc. announced Thursday, following guidelines from the office of the Governor of Ohio regarding COVID-19 virus concerns, the company is temporarily shutting down construction activities at its hot-briquetted iron (HBI) project site in Toledo, Ohio.

Effective March 20th, all construction activity at the site will cease by the end of the business day. Cleveland-Cliffs will continue to monitor the COVID-19 situation and will re-start construction of the HBI plant as soon as feasible.

All other Cleveland-Cliffs iron ore mining and steelmaking facilities will remain in operation.

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