BUSINESS: America’s Cleveland Cliffs Wins Triple At The Ninth Annual S&P Global Platts Global Metals Award

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

by Daniel Webster, dWeb.News Publisher

LONDON, Oct. 14, 2021 /PRNewswire/ — Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America and supplier to the North American automotive industry, was a triple winner at the 2021 S&P Global Platts Global Metals Awards, lauded with Metals Company of the Year, Deal of the Year, and CEO/Chairperson of the Year awards. The Awards program, in its ninth year, recognizes exemplary performance in 16 categories across the metals and mining arenas.

Honorees from three continents and six countries were heralded Thursday night at the S&P Global Platts Global Metals Awards gala, held for the first time both virtually and in-person at a venue in central London and reflecting the industry’s desire to return to the pre-pandemic physical event it has historically enjoyed. Underpinning the round-the-globe scope of this year’s program, were 113 finalists from 21 countries, from which winners were chosen by an independent panel of judges. Watch the showcase event: https://www.spglobal.com/platts/global-metals-awards/video-gallery.

In recognizing Cleveland-Cliffs as the top honoree in three categories, Global Metals Awards judges praised the company and Lourenco Goncalves’ exemplary strength in strategy execution. They praised the company’s deal-making skills and project-management ability, which was demonstrated by two major acquisitions and the completion of a plant that produces an eco-friendly alternative to imported pig iron and ferrous scrap. All this while simultaneously implementing a variety of safety measures to protect its workforce during the pandemic.

Judges praised Lourenco Goncalves’ leadership in transforming a traditional iron mine and supply company into a global industrial powerhouse and North America biggest flat-rolled steel producer with the acquisitions by AK Steel, ArcelorMittal USA ..

“A triple win is no small feat, especially in the unprecedented circumstances of the last year and a half,” said Saugata Saha, president of S&P Global Platts, of the top honors bestowed on Mr. Goncalves and Cleveland-Cliffs. We congratulate Cleveland-Cliffs, its CEO, and all the finalists for their perseverance through unique challenges, and for continuing to drive performance and embrace change. “

Dave Ernsberger, Global Head of Pricing and Market Insight, S&P Global Platts, said: “Not surprisingly, but certainly encouraging, is the industry’s increasing prioritization of innovation for a lower-carbon future, which was evident in the nominations and focus of Awards category participation in this year’s Global Metals Awards. “

Winning ESG Breakthrough Award, a debut category this year and heavily contested, was Aco Verde do Brasil. This award recognizes advances in low-carbon energy, metals technologies, energy transformation metals, and raw materials. Aco Verde has become one of the first companies to produce “green steel” using 100% renewable energy. The company uses sustainable charcoal made from eucalyptus and other process gases to reduce carbon dioxide emissions.

Lifetime Achievement Award accolades went to David DeYoung, with judges heralding his near-40-year career at Alcoa Corporation and accomplishments in emerging technologies, including those with carbon emissions reduction benefits and processes described by industry players as ‘revolutionary.’ Judges were impressed with his achievements in improving safety and efficiency in aluminum production, as well as innovation around hard alloy sustainability and the development of metal purification methods. DeYoung was also praised for his leadership qualities, mentoring and ability to inspire others by sharing his knowledge.

Emilie Schouten, senior vice president of human resources at Coeur Mining, Inc. took home the Rising Star Individual Award. She leads a team of human resource professionals across the US, Mexico and Canada and was described by the judges panel as a “stand out” among her industry peers as a leader in the creation of a diverse and inclusive culture. Snagging Rising Star Company Award was South Korea’s POSCO Chemical Co., Ltd, recognized by judges for strong ESG credentials integrated into its management policies and its growth progress in the lithium-ion battery space over the last five years.

For full details of the 2021 winners and judges’ rationale, access the S&P Global Platts Insight Magazine and on-demand viewing of the showcase gala: https://gma.platts.com/.

Winners of the 2021 S&P Global Platts Global Metals Awards are:

Metals Company of the Year
Cleveland-Cliffs Inc.

CEO of the Year
Lourenco Goncalves, Cleveland-Cliffs Inc.

Lifetime Achievement Award
David DeYoung, Alcoa Corporation

Deal of the Year
Cleveland-Cliffs Inc.

ESG Breakthrough Award
Aco Verde do Brasil

Corporate Social Responsibility Award
PJSC Magnitogorsk & Iron & Steel Works

Industry Leadership Award: Aluminum
En+ Group

Industry Leadership Award: Base, Precious & Specialty Metals
Hindustan Zinc Limited

Industry Leadership Award: Mining & Raw Materials
Alcoa Corporation

Scrap & Recycling Industry Leadership Award
Schnitzer Steel Industries, Inc.

Steel Industry Leadership Award
SSAB

Financial Metals Service Provider of the Year
Bank of America

Physical Metals Service Provider of the Year
Reliance Steel & Aluminum Co.

Rising Star Company Award
POSCO Chemical Co. Ltd.

Rising Star Individual Award
Emilie Schouten, Coeur Mining, Inc.

New Technology for the Metals and Mining Industry
Boston Metal

Additional information can be found at the S&P Global Platts Global Metals Awards website (https://gma.platts.com/).

It’s never too early to think about nominations for the 2022 S&P Global Platts Global Metals Awards. Watch for key nominations dates and other information at https://www.spglobal.com/platts/global-metals-awards. Or contact the Global Metals Awards team at [email protected].

Watch for more information about the S&P Global Platts sister awards program, the 23rd annual S&P Global Platts Global Energy Awards, set for December 9th in New York City and virtually.

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We are the largest independent provider of benchmark prices and information for the commodity and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts covers oil and gas, power and metals as well as agriculture, shipping, and petrochemicals.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

Media Contacts:
Americas: Kathleen Tanzy +1 917-331-4607, [email protected]

SOURCE S&P Global Platts

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