Asset Report
Middletown 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' Middletown plant produces hot rolled coil, cold rolled coil, hot-dipped galvanised (HDG) and electro-galvanised (EG) steel products. Middletown is one of the highest-end producers of steel in the US capable of producing interstitial-free slab for enamelling and ultra-low carbon slab. The facility has one blast furnace, "3", which holds a hot metal output rate of 2.1 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%.
Table of contents
- Summary
- Key issues
- Iron ore
- Coal
- Coke
- Metallics
- Energy
- Capital costs
- Operating cash costs
Tables and charts
This report includes the following images and tables:
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Detailed mapParticipationSteel plant overview
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Key raw materials ratesDownstream productsFinished steel productionProduction table (Mt)Capital costsTotal operating cash costs - Finished steelOperating cash cost tableEconomic assumptions
What's included
This report contains:
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