Company/Division name | Cleveland-Cliffs |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 600 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 150 |
City reshored to: | Weirton |
State(s) reshored to: | WV |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | electrical transformers |
What domestic positive factors made reshoring more attractive? | Government Incentives, Raw Materials Cost, Under-utilized capacity |
Government Incentive dollar amount: | $50 million forgivable from the state |