Skip to comments.New Briquetted Iron Plant for East Toledo, OH (1.200 const. jobs & 130 perm. jobs at $100K year)
Posted on 06/19/2017 11:55:35 PM PDT by 2ndDivisionVet
Cleveland's Cliffs Natural Resources Inc. announced it will build the Midwest's first-ever plant producing hot briquetted iron used in steelmaking.
The $700 million project is expected to break ground in early 2018 on the Ironville site in East Toledo, a former Brownfield site.
The project is scheduled to create 1,200 construction jobs and 130 permanent jobs. Hourly jobs at the plant will pay about $100,000, said Lourenco Goncalves, chairman, president and chief executive officer of the 170-year-old mining and natural resources company. The plant will be Cliffs' first facility in Ohio and is to begin production in 2020.
"We got a site in the Port of Toledo that is extremely convenient," Goncalves said. "It is close to the clients and has easy access. Logistically, it is an extremely positive site for us receiving iron pellets from Minnesota to produce the HBI, or hot briquetted iron."
Goncalves also said much of the plant's back office operations will be done in Cleveland, creating additional jobs.
HBI is used in an electric arc furnace as part of the steelmaking process and produces a higher grade steel. Currently, HBI isn't produced in the Midwest and area steelmakers primarily rely on scrap metal with some pig iron Russia and Venezuela
"It will be the first HBI facility in the Midwest and the first one in the Great Lakes," Goncalves said. "We think of this as a great market opportunity that has been present for a long, long time, and now we can do it because in order to produce hot briquetted iron you need two things: iron ore, which we have plenty of, and affordable natural gas, which is something relatively new in the Midwest since the shale boom made natural gas affordable in the Great Lakes."
Great news for Toledo.
“””Hourly jobs at the plant will pay about $100,000, said Lourenco Goncalves, chairman,...”””
This is the Job-creating Freedom that President Trump was
offering the Voters bases in the MidWestern states who
lost so much of their Industry to Slick-Willy's NAFTA,
China and even Obama's EPA leeches.
This oughta keep at least Ohio locked in for President Trump come 2020 national elections.
$48 per hour? That figure might include the cash value of health insurance or the USW has a fantastic contract in the district. Maybe the jobs require tech degrees or the owner is trying to keep the union out.
Also, probably union-negotiated.
More winning...and because of Trump not Kasick...
Not necessarily union. Nucor has the highest paid steelworkers in the US and they are non union. Much of the package though is tonnage bonus.
0bunghole would have found some way to stifle this effort.
Hildebeeste would have found some way to stifle this effort.
If Trump simply keeps Fedzilla the hell out of the way, We the People will Make America Great Again.
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