Full-Time
Updated on 9/3/2026
Integrated steel production from ore onward
$75k - $95k/yr
Cleveland, OH, USA
In Person
Relocation assistance is not provided.
Bachelor's
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Cleveland-Cliffs is a vertically integrated steel maker and iron ore producer, the largest flat-rolled steel producer in North America. It controls the full chain from iron ore mining to downstream finishing, processing, and distribution, forming a closed-loop system that secures raw-material supply and tightens cost and quality control. Its products include hot-rolled, cold-rolled, and coated steel, as well as iron ore sold to other steelmakers, with a focus on serving the North American market across automotive, infrastructure, and manufacturing sectors. Unlike many peers, Cleveland-Cliffs differentiates itself through end-to-end integration and a strong regional footprint, enabling customized solutions and reliable supply for its customers. The company aims to maintain material availability, translate supply-chain advantages into stable pricing and quality, and grow its leadership in North American steel production.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Cleveland, Ohio
Founded
1847
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Health Insurance
401(k) Retirement Plan
Paid Vacation
Education Assistance
Cleveland-Cliffs commits $1bn to Middletown Works. August 24, 2026 Cleveland-Cliffs will invest $1 billion modernising its Middletown steelworks complex. The revised programme combines blast-furnace upgrades, process controls, gas recovery, and new materials-handling systems. Cleveland-Cliffs will invest in a US$1 billion modernisation of its Middletown Works steel plant in Ohio, combining US$500 million of company capital with US$500 million in support from the US Department of Energy. The four-year programme retains the site's established blast-furnace steelmaking route and concentrates investment on ironmaking, materials handling, process control, and energy recovery. Work is planned while the wider steelworks remains operational, with completion of the blast-furnace rebuild targeted for the first quarter of 2030. Projects include rebuilding and upgrading the main blast furnace, installing advanced raw-material handling equipment, and introducing artificial-intelligence-enabled process controls. A new cogeneration facility will also use blast-furnace gas to produce electricity and steam for the site. Middletown Works is an integrated operation capable of producing around three million tons of raw steel annually. Changes at the ironmaking stage consequently affect a production system extending through steelmaking, casting, rolling, finishing, utilities, and internal logistics rather than an isolated production cell. The revised investment follows a reassessment of an earlier decarbonisation proposal. The Department of Energy said the previous project configuration depended on customers paying a premium for lower-carbon steel that Cleveland-Cliffs concluded was not commercially supportable under current market conditions. The replacement programme is more closely tied to the economics of the existing plant. Instead of replacing the fundamental ironmaking route, it concentrates on extracting greater operating efficiency, reliability, and energy value from assets that are already embedded in the Middletown production system. Blast-furnace control offers substantial scope for incremental improvement because the process operates continuously across a large number of interacting variables. Burden composition, gas flow, temperature, pressure, fuel rate, furnace condition, and raw-material quality all influence productivity and fuel consumption, making better instrumentation and control valuable even without changing the basic chemistry of iron production. AI-enabled optimisation is intended to improve that control by analysing plant data and supporting adjustments to furnace operation. The commercial gain is unlikely to come from a single dramatic intervention; steelmaking economics are more often changed by small improvements repeated continuously across very large production volumes. The planned cogeneration plant tackles another part of the operating balance. Blast-furnace gas contains combustible constituents that can be recovered and used rather than treated only as a low-value process by-product. Converting more of that gas into electricity and steam can reduce external energy requirements elsewhere on site. Materials recovery is also included in the programme, with Cleveland-Cliffs planning to increase the use of steelmaking by-products in concrete for regional infrastructure. Integrated steelworks already reuse substantial volumes of slag and other process materials, and higher-value outlets can reduce disposal requirements while replacing some virgin material in downstream applications. Executing the work while Middletown remains in production will create a separate engineering challenge. An integrated steel plant depends on continuous flows of ore, coke, molten iron, gases, water, power, semi-finished steel, and finished product, so major construction and furnace work must be coordinated with outages and temporary production arrangements. The blast-furnace rebuild itself represents one of the plant's most consequential maintenance cycles. Furnaces operate in campaigns lasting many years, and a major rebuild provides an opportunity to renew refractory systems, cooling, instrumentation, materials handling, and auxiliary equipment that would be difficult to replace during ordinary operation. More than 1,500 construction workers are expected at the programme's peak, while the Department of Energy says the investment supports approximately 2,300 existing jobs at Middletown Works. Those numbers reflect both the scale of the construction programme and the importance of maintaining the plant as an operating integrated steel producer. The project also illustrates the commercial constraint surrounding more fundamental changes to primary steelmaking. Alternative routes can require new furnaces, electricity supply, hydrogen or gas infrastructure, raw-material specifications, and downstream adjustments, all of which add capital and operating costs before a tonne of saleable steel reaches the customer. Where buyers will not absorb that additional cost, producers are left balancing decarbonisation ambitions against the economics of existing plants. Cleveland-Cliffs and the Department of Energy have chosen a programme built around efficiency, energy recovery, process control, and asset renewal rather than forcing an investment model the company says its customers would not support. Middletown Works will remain a blast-furnace operation after the programme is complete, but it should not be the same blast-furnace operation. The useful measures will be fuel consumption, yield, energy recovery, reliability, production cost, and quality once the rebuilt furnace and supporting systems are operating - rather than how much artificial intelligence appears in the project description. Stories for you. * Shanghai Electric supplies record biomethanol bunkering Shanghai Electric has supplied a record 8,000-tonne biomethanol bunkering operation. The delivery links large-scale fuel production in Jilin with storage, transport, and marine bunkering at Shanghai. * Ursa Major opens Colorado aerospace manufacturing plant Ursa Major has opened a new Colorado aerospace manufacturing plant. The Longmont facility expands avionics, propulsion, cleanroom, welding, and environmental-test capacity while releasing additional production space elsewhere.
Cliffs announces blast furnace investment. The iron mining and steelmaking company may tap into federal funding to repurpose blast furnace heat into an energy source in Ohio. Published August 23, 2026 Cleveland-Cliffs Inc. has announced it has made progress on an arrangement to use $500 million in United States Department of Energy (DOE) funding to introduce energy-related technology to its blast furnace/basic oxygen furnace (BOF) steel mill in Middletown, Ohio. The Cleveland-based iron mining and steel production firm says the planned "optimization project" represents a $1 billion total investment in Middletown, with funding shared equally between Cleveland-Cliffs and the DOE. The planned investment includes upgrades to or a rebuild of a blast furnace, plus "advanced material handling infrastructure and artificial intelligence (AI)-enabled process control technologies." Cliffs describes one component of the project as involving the construction of a cogeneration facility that will capture and use blast furnace gas to generate electricity and steam for on-site consumption at the mill. "This will improve overall energy efficiency, reduce reliance on externally supplied electricity and lower operating costs," says Cliffs, saying completion of the blast furnace rebuild is planned for the first quarter of 2030. Cliffs says the project and its DOE funding is tied to "rescoping the previously awarded $500 million DOE grant." That appears to be a reference to a 2024 grant announcement tied to electrification of its melt shop capacity and turning away from the use of coke and coal in favor of direct reduced iron (DRI) and other iron units sometimes referred to as scrap alternatives. In 2023, the company was exploring the use of hydrogen energy at its blast furnace/BOF mills, with Cliffs president and CEO Lourenco Goncalves stating, "With clean hydrogen in our backyard, Cliffs' hydrogen-ready blast furnaces and direct reduction plant will be the first in the world to replace CO[2] with a new byproduct that does not contribute to global warming: This new byproduct will be H20." Three years later, Goncalves remarks, "The DOE's support for this project is a testament to the importance of preserving the blast furnace route to produce automotive-exposed grade steels in the U.S., while advancing American energy dominance." The DOE grant "rescoping" is being criticized by several not-for-profit organizations, who see the pivot from hydrogen-powered DRI to coal-fired blast furnace production as potentially yielding increased CO[2] emissions. "Middletown Works was promised the opportunity to become a global leader in clean steelmaking; instead, the plant is receiving huge federal incentives to save the company money without meaningfully reducing pollution," says Hilary Lewis of Cincinnati-based Industrious Labs. "Clean steel is the future, both for Cleveland-Cliffs and the world, but instead of building a better, healthier future, the Trump administration is trying to tie this facility to technology from a century ago," says Ian Wells of the New York-based Natural Resources Defense Council (NRDC). Sponsored Content Optimal productivity, heavy construction, safety features and operator comfort come together in the SENNEBOGEN 360 G-series telescopic wheel loader, designed for work across the waste and recycling industry. Telescopic wheel loaders manufactured by SENNEBOGEN have a growing presence at transfer stations, material recovery facilities (MRFs), construction and demolition (C&D) recycling plants and metal recycling facilities across North America. Also expressing criticism of the DOE grant "rescoping" have been the California-based Sierra Club and Washington-based Mighty Earth. Get curated news on YOUR industry. Enter your email to receive our newsletters.
Cleveland-Cliffs invests $1 billion in hydrogen-ready Ohio steel plant upgrade. Key points. * Cleveland-Cliffs will invest $1 billion to upgrade its Middletown Works facility. * The project includes a hydrogen-ready direct reduced iron plant and electric melting furnaces. * Construction will employ over 1,500 workers, boosting local economy and job opportunities. * Completion expected by early 2030, enhancing sustainable steel production methods. Cleveland-Cliffs, a leading steel manufacturer, recently announced a significant investment of $1 billion to modernize its Middletown Works plant in Ohio. This ambitious initiative includes a matching $500 million grant from the U.S. Department of Energy (DOE), aimed at decarbonizing steel production. The plan involves replacing the existing blast furnace with a hydrogen-ready direct reduced iron (DRI) plant in conjunction with two electric melting furnaces. This upgrade aligns with the industry's shift towards reducing carbon emissions and utilizing more sustainable production methods. The project, which builds upon a prior $500 million DOE grant received in 2024, is expected to play a crucial role in the advancement of green steelmaking technologies. By incorporating a cogeneration facility, Cleveland-Cliffs aims to improve energy efficiency by capturing blast furnace gas and converting it into electricity and steam for on-site use. This addition not only supports the plant's operational needs but also contributes to overall energy sustainability. Cleveland-Cliffs' investment is projected to generate substantial employment opportunities, with plans to hire over 1,500 workers from local union building trades. This job creation aspect will significantly benefit the local economy, demonstrating the positive impact of investments in green technology on community employment. The Middletown Works facility currently produces around 3 million tons of raw steel annually, primarily focused on automotive-grade steels suitable for various vehicle components. The upgrade is anticipated to enhance production capabilities while reducing the environmental footprint of steel manufacturing in the region. Set for completion in the first quarter of 2030, this project exemplifies Cleveland-Cliffs' commitment to innovative and environmentally responsible manufacturing practices. By investing in hydrogen technologies and modernizing its infrastructure, Cleveland-Cliffs not only positions itself as a leader in the steel industry but also contributes to the broader goals of decarbonization and sustainability in manufacturing. August 22, 2026 at 08:40 AM Middletown, USA
JD Vance to campaign at Ohio steel plant where his grandfather worked. Vance has described the facility in his memoir Hillbilly Elegy as an economic lifeline for his family, with his grandfather, James Vance, working there for nearly four decades. August 21, 2026. 5:11 PM Vice President JD Vance is set to campaign Friday at the Cleveland-Cliffs Middletown Works steel plant in his Ohio hometown, a site closely connected to his family's history. Vance has described the facility in his memoir Hillbilly Elegy as an economic lifeline for his family, with his grandfather, James Vance, working there for nearly four decades. Vance plans to use the visit to promote President Donald Trump's "America First" economic policies. The appearance comes as he campaigns for Republican Sen. Jon Husted and gubernatorial nominee Vivek Ramaswamy ahead of competitive Ohio elections. Cleveland-Cliffs is planning a major modernization of the Middletown facility, including upgrades to a blast furnace and cogeneration plant that could create up to 1,500 jobs. The project is awaiting an Ohio Environmental Protection Agency air permit. The visit is part of Vance's expanding campaign schedule as Republicans seek to strengthen their position in key states. Related Tweet: Independent analysis powered by America's most accurate polls. Covering the economy, Russia, China, AI, crypto, and the forces reshaping global affairs. No spam. Unsubscribe anytime.
The $1 billion reason why Cleveland-Cliffs stock is up today. Follow this Author Cleveland-Cliffs (CLF) shares are pushing higher on Friday after the steelmaker announced a $1 billion investment in its Middletown Works facility in Ohio. In its press release, the NYSE-listed company also confirmed that about half of its modernization project is supported by the U.S. Department of Energy (DOE). The announcement arrives at a time when Cleveland-Cliffs stock is starved of investor interest, currently down about 15% versus the start of this year. Why the Middletown investment matters for CLF shares. The DOE has established a framework to finalize negotiations and implementation plans, rescoping a previously awarded $500 million grant. Cleveland-Cliffs' four-year project will upgrade the plant's blast furnace and material-handling infrastructure while adding artificial intelligence (AI) enabled process controls. The company will also construct a cogeneration facility that captures blast furnace gas to generate electricity and steam, potentially reducing external power dependence and operating costs. Management expects the investment to preserve 2,300 jobs and maintain Middletown's roughly 3 million tons of annual raw-steel capacity. Note that CLF stock ripped through its 50-day and 100-day moving averages (MAs) on Friday, indicating bulls have taken back control of the near- to medium term. Should you chase the momentum in Cleveland-Cliffs stock? While the announcement is largely constructive for Cleveland-Cliffs' long-term operating profile, caution is warranted in chasing the stock's rally on Friday. The DOE support meaningfully reduces the capital burden of a major modernization project, while the efficiency improvements could strengthen Middletown Works' competitiveness over time. However, the benefits will take years to materialize, with the blast-furnace rebuild targeted for the first quarter of 2030. For disciplined investors, waiting for some pullback before loading up on Cleveland-Cliffs shares would offer a more attractive risk-reward than buying purely on momentum, especially since CLF does not currently pay a dividend. What's the consensus rating on Cleveland-Cliffs? It's also worth mentioning that Wall Street analysts aren't particularly bullish on Cleveland-Cliffs for the remainder of this year. According to Barchart, the consensus rating on CLF shares sits at "Hold," with the mean price target of $12.28 indicating less than 5% upside potential from their intraday high. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More News from Barchart