NavigatIIR: Cleveland-Cliffs Increases 2019 Capex Outlook as HBI Project Moves Ahead of Schedule

SUGAR LAND--August 21, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Iron-ore-pellet producer Cleveland-Cliffs Incorporated (Cleveland, Ohio) has ramped up its capital expenditures (capex) outlook for this year by $95-$100 million as its new hot-briquetted iron (HBI) plant in Ohio is expected to reach commercial production ahead of schedule. Industrial Info is tracking four active Cleveland-Cliffs projects worth $1.31 billion.