Becoming a reliable domestic supplier of high-quality, customized HBI
In June 2017, Cliffs announced that Toledo, Ohio will be the location of our first hot-briquetted iron (HBI) production plant. The announcement marked an important strategic milestone for Cliffs, as we implement our plans to be the sole producer of high-quality HBI for the EAF steel market in the Great Lakes region. Cliffs is the dominant player and sole supplier of merchant iron units to integrated blast furnace clients in the Great Lakes. The Toledo, OH HBI plant will extend Cliffs’ market reach towards EAF steelmakers.