You are here: Home > Steel News > Latest Steel News > Cliffs ...

Cliffs and Kobe Steel consider iron ore joint venture

Thursday, 01 September 2011 02:05:51 (GMT+2)   -  

Tags: iron ore , raw mat , USA , Japan , Far East , North America , investments , M&A , mining , Cliffs Natural , Kobe Steel , East Asia and Pacific | similar articles » SteelOrbis News

Japan's Kobe Steel Ltd. and Cleveland, Ohio-based mining company Cliffs Natural Resources are in talks to build an iron nugget plant in the US, possibly in the state of Michigan, according to a report in the Japanese Nikkei newspaper.

The plant would cost $200 million and would utilize Kobe Steel's ITmk3 technology to produce iron nuggets from a low-grade iron ore, providing the feedstock in EAF operations instead of steel scrap. If plans for the facility go through, the plant could begin operations in 2014.

Back All Articles
Back All Articles