Cleveland-Cliffs plans $1B upgrade at Middletown Works steel plant
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Cleveland-Cliffs Announces $1 Billion Middletown Works Investment to be Supported by $500 Million U.S. Department of Energy Award
August 21, 2026 10:00 AM EDTCliffs to Host Vice President J.D. Vance and Other Dignitaries at Middletown Works to Commemorate the Investment
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (Cliffs) today announced that the U.S. Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment, rescoping the previously awarded $500 million DOE grant. The optimization project represents a $1 billion total investment in Middletown Works, with funding shared equally between Cleveland-Cliffs and the DOE. The investment is expected to be... More
