ISHPEMING — Cleveland-Cliffs Inc. has announced plans to open the Tilden Mine earlier than originally planned.
The mine was idled in mid-April due to the COVID-19 outbreak, and was planned to reopen sometime in July. However, with an increased demand in steel in recent weeks, Cleveland-Cliffs changed the reopening date to later this month.
According to Chairman, President and CEO Lourenco Goncalves, “The demand for our steel, iron ore, and metallics products has recovered dramatically over the past month, and in light of this, we are restarting Toledo and Tilden sooner than we originally expected. We suspended these operations in a way that allowed us to restart as easily and efficiently as possible, and that is what we will do. Our footprint is well situated to capitalize on the rapidly increasing demand from the automotive sector, which is occurring faster than our most aggressive expectations.”
The Tilden Mine primarily supplies Cleveland-Cliff’s steel facilities in Middletown, Ohio, and Dearborn, Michigan.