In 2017, the Toledo-Lucas County Port Authority announced that Cleveland-Cliffs, Inc. will locate its first hot briquetted iron (HBI) production plant at Ironville Terminal in East Toledo. This project has the potential to create up to 130 permanent jobs, more than 1,200 construction jobs and represents a $700 million investment in the Toledo Region!
Cleveland-Cliffs, Inc., the largest and oldest independent iron ore mining company in the United States, will lease approximately 100 acres on the east side of the site from the terminal operator, Midwest Terminals of Toledo. Existing infrastructure and material handling capabilities on the site met the company’s requirements for its site selection process.
This project was made possible due to partnerships between the Port Authority, JobsOhio, Midwest Terminals of Toledo, City of Toledo, Lucas County, Regional Growth Partnership, and the Ohio Rail Development Commission.
Cleveland-Cliffs, Inc. hosted a ground breaking event on April 5, 2018, to celebrate the beginning of construction. The production of commercial tonnage of HBI will begin in mid-2020. Cleveland-Cliffs, Inc. will receive more than two million tons of product, delivered by vessel, for the production of HBI, and has the potential to add 100 new vessel calls per year at the Port of Toledo. The finished product will ship from the facility via truck and rail.