Consolidation of blast furnace/basic oxygen furnace If Cleveland Cliff were to be able to get their hands on US Steel....
In terms of blast furnace/BOF capacity, U.S. Steel operates complexes in Granite City, Illinois; Gary, Indiana; and Braddock, Pennsylvania. Cleveland-Cliffs, meanwhile, now owns mills formerly operated by AK Steel and Luxembourg-based ArcelorMittal, with complexes in Riverdale, Illinois; Burns Harbor and East Chicago, Indiana; Dearborn, Michigan; and Cleveland and Middletown, Ohio.
In Canada there currently are three blast furnace/BOF campuses operating, although two of them—operated by ArcelorMittal and Algoma Steel—are in the process of converting to EAF technology. That would leave Hamilton, Ontario-based Stelco Inc. as the only non-Cleveland-Cliffs BOF mill operating in the U.S. and Canada if the merger occurs.
Although the proposed merger would consolidate BOF capacity within the U.S., Goncalves portrays the merger as necessary to create a globally competitive steel producer.
“With this transaction we will create the only American member of the Top 10 steel companies in the world, joining a select group of just three other companies outside of China -- one European, one Japanese and one Korean,” states the CEO. “We believe that having Cleveland-Cliffs as a world-class, internationally competitive steel company is critical for our country to retain its economic leadership and to regain its manufacturing independence.”
Cleveland-Cliffs makes bid for US Steel - Construction & Demolition Recycling (cdrecycler.com)