Asset Report
Dearborn steel plant
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Cleveland-Cliffs' Dearborn plant produces hot rolled coil, cold rolled coil, hot-dipped galvanised (HDG) and electro-galvanised (EG) steel products. The plant is focused on producing high-strength, light-weight steels. Dearborn has one blast furnace, "C3", which holds a hot metal output rate of 2.5 Mtpa. On 3 December 2019, Cleveland-Cliffs and AK Steel entered into a definitive merger agreement whereby the former acquired all of the issued and outstanding shares of AK Steel common stock. The deal, valued at approximately US$1.1 billion, saw Cleveland-Cliffs’ shareholders owning 68% of the combined company, with AK Steel’s shareholders the remaining 32%. At the beginning of April 2020, Cleveland-Cliffs announced the BF "C3" closure following the coronavirus crisis. A few months later, in July, the company opted to restart the furnace due to improved market conditions.
Table of contents
- Summary
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Key issues
- Steel plant overview
- Iron Ore
- Coal
- Coke
- Energy
- Capital costs
- Operating cash costs
Tables and charts
This report includes the following images and tables:
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Detailed mapParticipationDownstream products
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Finished steel productionProduction table (Mt)Capital costsTotal operating cash costs - Finished steelOperating cash cost tableEconomic assumptionsKey raw materials rates
What's included
This report contains:
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