Asset Report
Northshore iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Northshore is a surface mine owned and operated by Cleveland-Cliffs located in the northeastern end of Minnesota's Mesabi Iron Range, approximately 3 kilometres south of the city of Babbitt. The operation produces BF and DR pellets which are entirely transferred to Cliffs' steel mills and the company's HBI plant in Toledo, Ohio. In September 2020, Cleveland-Cliffs acquired ArcelorMittal USA for US$1.4 billion. Prior to that, in December 2019, Cliffs had purchased AK Steel for US$1.1 billion. Both acquisitions not only give rise to US' largest flats producer, but are also poised to fundamentally change pellet price systems within the new conglomerate. Northshore's output drastically reduced by over 80% during 2022, achieving 1Mtpa that year. This resulted from increased scrap usage and reduced demand for iron ore pellets in Cliffs' steelmaking operations.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes the following images and tables:
- Northshore Emission Intensity Quartile Ranking - total global production - tonnes of ore
- Detail Map
- Participation
- Marketable reserves (at 01/01/24)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- 1 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Pau Branco iron ore mine
Pau Branco during 2019-2021 expanded its production capacity rate by 45%.
$2,250
Asset Report
Nimba (Yekepa) Phase 2 iron ore mine
ArcelorMittal's Nimba Phase 2 expansion produced the first concentrate in late 2024.
$2,250
Asset Report
Serra Azul (ArcelorMittal) iron ore mine
Serra Azul is a mine owned by ArcelorMittal that supplies to the company's steel facilities and the seaborne export market.
$2,250
