Product cover image for Cleveland Cliffs Inc. and Lurgi Metallurgie GmbH - The Circored Project (B): Turning a First-of-Its-Kind Iron Ore Reduction Plant into a Commercial Success

Cleveland Cliffs Inc. and Lurgi Metallurgie GmbH - The Circored Project (B): Turning a First-of-Its-Kind Iron Ore Reduction Plant into a Commercial Success

Name: Cleveland Cliffs Inc. and Lurgi Metallurgie GmbH - The Circored Project (B): Turning a First-of-Its-Kind Iron Ore Reduction Plant into a Commercial Success (English version)
SKU: IN-S889

Loch, Christoph H.;Terwiesch, Christian

Product #:IN-S889

Supplier:INSEAD

Discipline:Operations Management

Details:Supplemental Case (PDF) • 6 pages • 2002-06-12

Subjects:

Project management Risk management R&D

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The two companies started in 1995 to develop a new breakthrough technology for converting iron ore into pure iron. The project was extremely challenging because of complexity (a three-way joint venture involving three countries) and uncertainty (new technology posing unforeseeable complications). The case describes the difficulties to make the technology work.