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Awards/COOPERATIVE AGREEMENT (B)

$75,000,000

Department of Energy·Department of Energy

to CLEVELAND-CLIFFS STEEL CORPORATION

energyactiveONGOING · MOD OF 2024 CONTRACT
WORK BEGAN2024-08-21·LATEST ACTION2026-04-28·SOURCEUSASPENDING·SOURCE IDASST_NON_DECD0000092_089
Award description

THE STEEL SLAB ELECTRIFIED INDUCTION REHEAT FURNACE UPGRADE TO REDUCE GHG EMISSIONS AND ENHANCE QUALITY, LED BY CLEVELAND-CLIFFS STEEL CORPORATION (CLIFFS), PLANS TO CONSTRUCT FOUR NEW INDUCTION REHEAT FURNACES (IRF) FOR THE HIGH TEMPERATURE PRODUCTION OF HIGH-SILICON GRAIN ORIENTED ELECTRICAL STEEL (GOES), WHICH IS USED TO MANUFACTURE ELECTRICAL TRANSFORMERS. THIS TECHNOLOGY CAN BE REPLICABLE ACROSS THE INDUSTRY TO ELECTRIFY THE STEEL SLAB REHEATING PROCESS. IDLE TWO EXISTING HIGH TEMPERATURE NATURAL GAS FIRED REHEAT FURNACES UPON SUCCESSFUL COMMISSIONING OF IRFS. THIS PROJECT WILL ENGAGE WITH LOCAL COMMUNITY AND WORKERS VIA TWO-WAY ENGAGEMENT, IMPROVE AIR QUALITY FOR LOCAL COMMUNITIES, AND SUSTAIN QUALITY UNION JOBS.

Verbatim from USAspending.gov. Capitalization, abbreviations, and codes are unchanged.

The Buildout's read

What the model surfaced from this award

Confidence: high
In plain English

Latest obligation on a 2024 DOE cooperative agreement funding Cleveland-Cliffs' construction of four electric induction furnaces to replace gas-fired steel reheating, reducing emissions.

Sub-sectors
industrial-decarbonizationsteel-manufacturingelectrification
Why this matters

Demonstrates U.S. industrial decarbonization strategy: electrifying hard-to-abate steel processes while preserving union manufacturing jobs and improving local air quality.

Supply-chain signal

Reduces domestic steel sector dependence on natural gas; signals DOE commitment to electrified supply chains for electrical steel (transformer cores), a critical input for grid modernization.

U.S.–China competition angle

China dominates global electrical steel production; this investment aims to secure U.S. domestic capacity for transformers and grid equipment, reducing reliance on imports.

Generated by award_classification v2.1.0 via claude-haiku-4-5-20251001 on 2026-06-02. Cost: $0.003303.

Period of performance
Start
2024-08-21
End
2029-06-30
Status
activein 1096 days
Sources

The Buildout does not edit federal records. Any inaccuracy reflects the upstream source; it will update here when corrected there.

$75.0M Department of Energy — The Buildout — The Buildout