Cleveland-Cliffs to Reopen West Virginia Plant for Transformer Production

$150 million investment aims to address transformer shortage and create 600 jobs by 2026

The Weirton facility, closed earlier this year, will be converted to produce electrical transformers.
West Virginia is supporting the project with a $50 million forgivable loan.
The plant's reopening will provide reemployment opportunities for laid-off union workers.
The project is expected to boost demand for specialty steel from Cleveland-Cliffs' Pennsylvania mill.
CEO Lourenco Goncalves highlights the importance of transformers for the U.S. electric grid's expansion and decarbonization.