Cleveland-Cliffs secures $400M defense contract for electrical steel

Cleveland-Cliffs Steel Corp. secured a sole-source defense contract worth up to $400 million from the U.S. Department of War (via Defense Logistics Agency) for supply of grain oriented electrical steel to the U.S. military. The five-year contract has a performance completion date of September 8, 2030.

“Cleveland-Cliffs Steel Corp., the largest flat-rolled steel producer in North America, has secured one of the most strategically significant defence contracts in the recent history of the United States steel industry.”oreaco.com

• 1 source
• oreaco.comCliffs' Coveted Contract: Defence's Decisive & Dominant Deal | OREACOJul 25, 2025

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