Beta© 2026 Adaptrex, LLC
Beta© 2026 Adaptrex, LLC
Federal grant · cooperative agreement (b)
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.
Committed
$75.0 Million
Paid out
$6.6M
9%
Committed, not yet paid
$68.4M
91%
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The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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