日韩三级片 Celebrates the Start-Up of New $150 Million Stainless Bright Anneal Line at Coshocton Works in Ohio

CLEVELAND--(BUSINESS WIRE)-- 日韩三级片 Inc. (NYSE: CLF) today announced the commissioning of its new state-of-the-art Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio. This $150 million capital investment has been completed and will supply premium stainless steel for high-end automotive and critical appliance applications. The new annealing line uses a 100% hydrogen atmosphere, replacing the conventional acid-based processing, and includes a hydrogen recovery unit to recycle hydrogen and use a 50/50 mix of new and used hydrogen in the process.

To mark the opening, a ribbon cutting ceremony will be held on Wednesday, July 2 at 11:00 a.m. ET at Cliffs鈥� Coshocton Works facility. The event will be attended by key elected officials along with 日韩三级片鈥� executives, employees, and key customers.

Lourenco Goncalves, Cliffs鈥� Chairman, President and CEO said: 鈥淪ince acquiring AK Steel in 2020, our stainless steel business has been the most consistent profit generating unit for 日韩三级片. This new line at Coshocton only enhances that, with an expected quick payback on this major investment. By using hydrogen and advanced automation, we鈥檙e dramatically improving the quality and productivity of this critical product that our customers rely upon 日韩三级片 for. As we embrace the new competitive landscape in the domestic steel industry, our profitability prospects are only getting stronger.鈥�

About 日韩三级片 Inc.

日韩三级片 is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, 日韩三级片 employs approximately 30,000 people across its operations in the United States and Canada. For more information, visit .

MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
James Kerr
Director, Investor Relations
(216) 694-7719

Source: 日韩三级片 Inc.

Released June 20, 2025