May 8, 2025

Cleveland-Cliffs to stop investment in Weirton transformer project

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Cleveland-Cliffs to stop investment in Weirton transformer project | News, Sports, Jobs

  • May 8, 2025

WEIRTON — Cleveland-Cliffs has decided to halt investment in a planned transformer manufacturing facility to be located in Weirton, company officials announced Wednesday. “Our first-quarter results were negatively impacted by underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025,” said Chairman, President and CEO Lourenco

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