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Plans for warehouse, residential projects discussed in Merrillville

Plans for warehouse, residential projects discussed in Merrillville
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Community center brings surge of activity to Merrillville

“I’ll see you in heaven.” It was the last thing Al Braccolino, 90, of Crown Point, told one of his daughters as paramedics loaded him into an ambulance Nov. 16. COVID-19 forced him into the final fight of his life. Ten days later, the chair Al usually occupied at the Thanksgiving table would sit empty. The husband to his wife of 70 years, father of three and grandfather of six died on the holiday. Al’s daughter, Sandra Noe, was herself suffering from COVID-19, which she contracted while caring for her sick parents, when the virus forced Al’s hospitalization. Noe, 66, is no stranger to helping elderly shut-ins weather isolation.

Cleveland-Cliffs forecasts $3 5 billion in EBITDA this year

Cleveland-Cliffs, one of the Calumet Region s largest industrial employers, forecasts it will pull in about $3.5 billion in earnings before interest, taxes, depreciation and amortization this year if prices hold up. The Cleveland-based steelmaker, which bought ArcelorMittal USA and AK Steel last year, projects it will bring in $500 million in EBITDA in the first quarter and $1.2 billion in EBITDA in the second quarter of 2021. The projections assume hot-rolled coil prices in the United States will continue to average $975 per ton for the rest of the year. Cleveland-Cliffs plans to report its first-quarter earnings on April 22. Last year, the steelmaker pulled in $353 million in EBITDA but posted a loss of $81 million because of $186 million in costs related to acquisition, severance and inventory step-up. It posted a strong fourth quarter in which it completed its acquisition of ArcelorMittal USA, pulling in a profit of $74 million on $286 million in EBITDA.

Merrillville OKs plan for Century Plaza oil change facility

Merrillville OKs plan for Century Plaza oil change facility
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