Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling
15 Febrero 2024 - 5:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it
will be indefinitely idling its tinplate production plant located
in Weirton, West Virginia in April 2024. The need to idle the
Weirton plant is a direct result of the unanimous decision issued
by all four members of the International Trade Commission (ITC)
negating the implementation of anti-dumping and countervailing
duties on tin mill products calculated by the Department of
Commerce. A WARN notice is being issued today to approximately 900
impacted employees. These employees will be provided relocation
opportunities to work at other Cliffs’ facilities and/or severance
packages.
In January 2023, Cleveland-Cliffs and co-petitioners the United
Steelworkers (USW) filed antidumping and countervailing duty
petitions related to unfairly traded tin and chromium coated sheet
steel products. After finding evidence of dumping and
subsidization, on January 5, 2024, the Department of Commerce
announced duties on four countries, including Canada, China,
Germany and South Korea. However, on February 6, 2024, the ITC
unanimously rejected these tariffs.
Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and
Chief Executive Officer, stated, "We worked very closely with our
partners at the USW on this solution to save Weirton, and together
fought tirelessly for its survival. In what was our final effort to
maintain tinplate production here in America, we proved that we are
forced to operate on an uneven playing field, and that the deck was
stacked in favor of the importers. Despite the Department of
Commerce finding evidence of dumping and subsidization from
respondent countries, the ITC shockingly ruled against imposition
of tariffs, keeping the uneven playing field in place and making it
impossible for us to viably produce tinplate. We have been upfront
and open with union leadership throughout this process and our
partnership with the USW remains unbreakable.”
Mr. Goncalves continued, “To the tin can makers and consumer
groups who irrationally fought against American jobs and a
domestic-based food supply chain, this outcome is due to your own
greed. We disproved all the arguments leveled against the domestic
industry and workers. Furthermore, Weirton recently concluded a
successful run of Drawn & Ironed material that tested perfectly
with zero defects. This test proves that Weirton and its workers
are able to manufacture all the products the market demands. The
ITC’s decision is a travesty for America, middle-class jobs, and
our critical food supply chains. This bad outcome requires better
and stronger trade laws. We will continue to work tirelessly with
our Congressional champions who fought with us in this case to
improve the trade laws so that the American industry and our
workers are not left behind.”
Cliffs is maintaining its 2024 sales volume guidance of 16.5
million tons of overall steel products.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs also is
the largest manufacturer of iron ore pellets in North America. The
Company is vertically integrated from mined raw materials, direct
reduced iron, and ferrous scrap to primary steelmaking and
downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs is the largest supplier of steel to the automotive
industry in North America and serves a diverse range of other
markets due to its comprehensive offering of flat-rolled steel
products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs
employs approximately 28,000 people across its operations in the
United States and Canada.
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