According to the Defense Logistics Agency (DLA), the company will supply grain-oriented electrical steel under the contract. This specialized steel, widely used in electrical equipment and transformers, is considered a critical material for the defense industry.

The indefinite-delivery, indefinite-quantity (IDIQ) contract has a five-year term, with completion scheduled for September 8, 2030. The agreement does not include any option periods for extension.

Headquartered in West Chester, Ohio, Cleveland-Cliffs was awarded the contract through a sole-source procurement. The procurement was conducted under Title 10 U.S. Code 3204(a)(3)(A) and Federal Acquisition Regulation (FAR) 6.302-1.

The grain-oriented electrical steel supplied under the contract will be used by the U.S. Army, Marine Corps, Navy, Air Force, and Space Force. Funding for the project will come from transaction funds allocated for fiscal years 2025–2029.