Current:Home > reviewsCleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant -CapitalCourse
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
View
Date:2025-04-17 16:32:58
CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Monday it will produce electrical transformers in a $150 million investment at a West Virginia facility that closed earlier this year.
The company hopes to reopen the Weirton facility in early 2026 and “address the critical shortage of distribution transformers that is stifling economic growth across the United States,” it said in a statement.
As many as 600 union workers who were laid off from the Weirton tin production plant will have the chance to work at the new facility. The tin plant shut down in February and 900 workers were idled after the International Trade Commission voted against imposing tariffs on tin imports.
The state of West Virginia is providing a $50 million forgivable loan as part of the company’s investment.
“We were never going to sit on the sidelines and watch these jobs disappear,” West Virginia Gov. Jim Justice said in a statement.
The Cleveland-based company, which employs 28,000 workers in the United States and Canada, expects the facility will generate additional demand for specialty steel made at its mill in Butler, Pennsylvania.
In a statement, Lourenco Goncalves, Cleveland-Cliffs’ president, chairman and CEO, said distribution transformers, currently in short supply, “are critical to the maintenance, expansion, and decarbonization of America’s electric grid.”
The tin facility was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003. International Steel Group bought Weirton Steel in federal bankruptcy court in 2003. The property changed hands again a few years later, ultimately ending up a part of Luxembourg-based ArcelorMittal, which sold its U.S. holdings to Cleveland-Cliffs in 2020.
Weirton is a city of 19,000 residents along the Ohio River about 40 miles (64 kilometers) west of Pittsburgh.
veryGood! (462)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- New Mexico day care workers’ convictions reversed in 2017 death of toddler inside hot car
- Duty, Honor, Outrage: Change to West Point’s mission statement sparks controversy
- Jerry Stackhouse out as Vanderbilt men's basketball coach after five seasons
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Minnie Driver Reveals the Advice She'd Give Her Younger Self After Matt Damon Split
- Dean McDermott Shares Insight Into Ex Tori Spelling’s Bond With His New Girlfriend Lily Calo
- Regina King reflects on her son's death in emotional interview: 'Grief is a journey'
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- It’s Your Lucky Day! Get Up to 80% off at Anthropologie, With Deals Starting at Under $20
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- What is a 'flat white'? Today's Google Doodle celebrates the coffee beverage
- Grey’s Anatomy Stars Share Behind-the-Scenes Memories Before Season 20 Premiere
- Kentucky governor ready to campaign against school choice measure if it reaches fall ballot
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- St. Patrick’s parade will be Kansas City’s first big event since the deadly Super Boal celebration
- Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok
- Black Mirror Season 7 Details Revealed
Recommendation
B.A. Parker is learning the banjo
SpaceX launches Super Heavy-Starship rocket on third test flight
Elizabeth Smart Shares Message on Miracles 21 Years After Being Rescued From Kidnappers
Trump and his lawyers make two arguments in court to get classified documents case dismissed
'Most Whopper
Kansas is close to banning gender-affirming care as former GOP holdouts come aboard
A Mississippi police officer made an arrested man lick urine off jail floor, court document says
A critical Rhode Island bridge will need to be demolished and replaced