Investor Presentaiton
Domestic steel industry is highly
dependent on Minnesota taconite
Taconite mine
ArcelorMittal, Inc. - Minorca
Hibbing Taconite Co.
Approximate
Annual Capacity
(million tons)
2.6
8.0
Cliffs
-
- United Taconite, LLC
5.2
- NorthShore Mining
5.7
41.6 mtpy capacity
for Minnesota
Taconite facilities
USS Corp. - Keewatin
- Minntac
5.2
-
14.7
Stelco
November 13, 2019 press release:
...the installation of a new pig iron making facility
to be constructed at our Lake Erie Works facility.
We currently plan to complete the construction of
the new facility to coincide with our blast furnace
reline scheduled for Q2 of 2020, and to be in a
position to commence pig iron shipments the
following quarter.
SUPERIOR
CANADA
Overseas
Exports
HURON
amilton,
N, CA
ONTARIO
Nant
Municipals, 5%
Other, 24%
Total annual capacity
Regulated Utility Revenue
12/31/19
41.4
Other, 46%
Taconite,
30%
Paper &
Pulp, 7%
Commercial, 13%
Residential, 12%
MICHIGAN
ECOR, MI
In dlana
Harbor, IN
BA
Gary IN, IN
City, IL
Cleveland OH
Braddock, PA
m
minnesota power
Pipelines and
other, 9%
Cleveland-Cliffs
December 3, 2019 press release
On acquisition of AK Steel: .... Further,
the potential startup of pig iron
manufacturing at AK Steel's facility in
Ashland, Kentucky would create future
opportunities for pellet demand and
more metallics products without
significant additional capital
expenditures.
Duluth News Tribune
August 6, 2019 news article:
With a $100M upgrade, Cliff's
Northshore Mining is set to process
up to 3.5M tons of direct-reduced
iron pellets per year, most of which
will feed its soon-to-be completed
HBI plant in Toledo, Ohio
Traditional shipping destination points of Minnesota taconite.
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