Steel Products Prices North America
October 4, 2017
Cleveland Cliffs Expands Pellet Capacity
Written by Sandy Williams
Cleveland Cliffs is now complete owner of Tilden Mining Company located in Ishpeming, Mich. Cliffs purchased U.S. Steel’s 15 percent equity interest in the mine for $105 million.
With the closing of this transaction on Sept. 29, Cliffs added 1.2 million long tons of annual pellet production capacity and 55 million long tons of proven and probable crude iron ore reserves. Pellet sales volume will increase to 20 million long tons in 2018 from an expected 19 million long tons in 2017.
