Current:Home > MyCleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant -StockSource
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
View
Date:2025-04-12 10:51:01
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! (43)
Related
- Sam Taylor
- A fifth Albuquerque, New Mexico, police officer has resigned amid probe of unit
- State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
- With police departments facing a hiring crisis, some policies are being loosened to find more cadets
- Meta releases AI model to enhance Metaverse experience
- Women's March Madness games today: Schedule, how to watch Friday's NCAA tournament games
- Dominic Purcell Shares Video of Tish and Brandi Cyrus Amid Rumored Family Drama
- Mauricio Umansky explains split with Kyle Richards, talks Emma Slater rumors: 'No infidelity'
- Former longtime South Carolina congressman John Spratt dies at 82
- Stellantis recalls nearly 285,000 cars to replace side air bags that can explode and hurl shrapnel
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Why Craig Conover Says It's Very Probable He and Paige DeSorbo Might Break Up
- Police find Missouri student Riley Strain’s body in Tennessee river; no foul play suspected
- Save 44% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes During Amazon's Big Sale
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Terrence Shannon, Illini could rule March. The more he shines, harder it will be to watch.
- Caitlin Clark's first March Madness opponent set: Holy Cross up next after First Four blowout
- Viral ad campaign challenges perceptions for World Down Syndrome Day 2024
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Summer House's Lindsay Hubbard and Carl Radke Only Had Sex This Often Before Breakup
Detroit-area man convicted of drowning his 4 children in car in 1989 seeks release from prison
Reddit shares soar on first day of trading as social media platform's IPO arrives
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
How to watch Angel Reese, LSU Tigers in first round of March Madness NCAA Tournament
The trial of an Arizona border rancher charged with killing a migrant is set to open
Why Craig Conover Says It's Very Probable He and Paige DeSorbo Might Break Up