Rep. Fedor Applauds $700M Steel Facility Project That Will Bring Over 1,000 Jobs To Toledo, Great Lakes Region
Lawmaker says investment will help rebuild Ohio's steel industry, spur economic growth
July 25, 2017
 
[ Teresa Fedor Home | Teresa Fedor Press ]
 
 

State Rep. Teresa Fedor (D-Toledo) today announced that the Toledo Ironville Terminal will soon be home to a $700 million ironworks facility that will produce Hot Briquetted Iron (HBI) for the steel industry in the Great Lakes region. The new facility, which is expected to create 130 permanent jobs and 1,200 construction jobs, will require two million hours of manual labor to complete.


“The selection of Toledo Ironville Terminal for this exciting project is a testimony to the strength of the workforce here in Toledo,” said Fedor. “The significant investment being made will create over a thousand good-paying jobs in northwest Ohio, spurring economic growth and helping to rebuild Ohio’s steel industry. I join the hard-working men and women of Toledo in looking forward to helping produce and build quality infrastructure for the entire nation.”


After roughly a 50-year process, the Toledo Ironville Terminal was competitively selected to house the new steel facility based on its superior infrastructure, manufacturing abilities, and logistical advantages, including affordable gas availability and access by multiple rail carriers.


The multimillion-dollar investment by Cliffs Natural Resources, an Ohio-based company founded in 1847, is the first HBI plant of its kind in the Midwest and only the third of its kind in the United States.


Cliff Natural Resources expects to break ground in 2018 and begin producing HBI materials sometime in 2020.

 
 
 
  
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