Cliffs to idle Northshore Mining in the spring


Cleveland-Cliffs announced on Friday that the company is going to idle Northshore Mining in the spring, and it could go into the fall or beyond.

Northshore’s mine is in Babbitt, and the pellet plant is in Silver Bay. Nearly 600 people work between the two.

CEO Lourenco Goncalves told investors that one factor is they need fewer pellets, because they are using more scrap metal.

During the last call, in October, he referenced that Northshore could be idled every now and then, and be their swing operation.