The current steel making furnace in Middletown, which had been set to be replaced with a hydrogen-powered system. The project is reported to be cancelled. Cleveland-Cliffs, a steel manufacturer, ...

Cleveland-Cliffs Inc. (NYSE:CLF) announced on Tuesday that it has officially canceled its $500 million hydrogen-powered steel project in Middletown, Ohio. The decision was made due to concerns about ...

CEO Lourenco Goncalves says the low-carbon fuel that was awarded a $500 million DOE grant can’t move forward. U.S. steel producer Cleveland-Cliffs is moving on from hydrogen. Cleveland-Cliffs CEO ...

Cleveland-Cliffs (NYSE:CLF) said Tuesday it has officially abandoned its $500M hydrogen-based steel project in Middletown, Ohio, due to concerns over insufficient clean hydrogen supply, shifting focus ...

Cleveland-Cliffs Inc. has officially backed out of a $500 million grant from the U.S. Department of Energy to upgrade the Middletown Works. That grant, coupled with $1.3 billion upgrades from ...

Cleveland-Cliffs abandoned a plan to update its Middletown steel plant that was awarded a federal grant in 2024. CEO Lourenco Goncalves cited a lack of available hydrogen and proposed a new project ...