Helio Castroneves

Helio Castroneves’ livery for this year’s Indianapolis 500 presented by Gainbridge was unveiled Monday at Indianapolis Motor Speedway, the site of the Brazilian driver’s bid for a record-setting fifth “500” victory on Sunday, May 26.

Meyer Shank Racing expanded its relationship with Cleveland-Cliffs which will see the American steel company serve as the primary sponsor on Castroneves’ Meyer Shank Racing w/Curb-Agajanian No. 06 Cleveland-Cliffs Honda.

Helio Castroneves studio shot in his 2024 firesuitCastroneves looks to once again make history in the No. 06 Cleveland-Cliffs Indy car and become the first driver in NTT INDYCAR SERIES history to win five Indianapolis 500s. Castroneves scored a record-tying fourth “500” victory with MSR in 2021, joining A.J. Foyt, Al Unser and Rick Mears as the only drivers in history to win the iconic race four times. Castroneves also won Indy in 2001 and 2002.

Cleveland-Cliffs has been a part of MSR’s team since the 2022 season and the fast-growing steel company continues to expand its role with the team. It now serves as the primary sponsor for the Indy 500 effort in addition to its presence on both full-season entries of Tom Blomqvist and Felix Rosenqvist.

As the largest flat-rolled steel company in North America, Cleveland-Cliffs has more than 9,000 employees among its six Indiana facilities. Just like Castroneves’ unparalleled passion for motorsports, Cleveland-Cliffs has a deep-rooted passion for the steel industry. The company prides itself in championing for American union jobs, the environment and the American steel industry as a whole.

Cliffs continues to drive innovation to produce the next generation of industry-changing grades of steel that are lightweight, strong and formable steel for evolving needs of its customers. Cliffs has a dedicated state-of-the art Research and Innovation Center (RIC) located in Middletown, Ohio where innovation and collaboration meet to develop and launch new steel products and processes.

With Cleveland-Cliffs’ presence in the state of Indiana, the move to headline Castroneves’ entry in the 108th Running of the Indianapolis 500 was a logical one for the rapidly growing company.

“Cleveland-Cliffs has been such an amazing partner to us since they came onboard in 2022 and it’s great to see how they have really integrated themselves into our team and to INDYCAR as whole,” MSR owner Mike Shank said. “Cleveland-Cliffs is not only a part of our two full-season entries, but for them to take the jump on Helio’s ‘500’ car is really something special. It is a top priority for us to help get Helio that fifth ‘500’ win in one of our cars and to have Cliffs here to support that journey, we are very lucky.

“Cleveland-Cliffs is not just a name on the side of our car -- they have created and produced actual products that we use on our Indy cars. If you look closely, the mufflers on each of our cars are created by Cliffs in their Columbus, Indiana facility, and they have become well integrated into our operation, even making the crowd barrier that we use during race weekends. So, this relationship goes beyond a typical partnership, and it’s truly mutually beneficial.”

“Cleveland-Cliffs is proud to partner with Meyer Shank Racing and Helio Castroneves as the team seeks Helio’s record setting fifth victory of the iconic American race,” said Lourenco Goncalves, Chairman, President and CEO of Cleveland-Cliffs Inc. “The racing world sets its eyes on Indiana every May for the Indianapolis 500 and having Helio drive the No. 06 Cleveland-Cliffs Indy car will be an exciting moment for our Cliffs team members. The Indy 500 and steel have a long tradition in the state. Indiana is the largest steel producing state in the nation and we are proud to have over 9,000 employees in Indiana producing the best steel in the world. With Meyer Shank Racing, we celebrate teamwork, determination and hopefully soon a record setting fifth Indy 500 win for Helio.”

With Castroneves’ new role as minority partner with Meyer Shank Racing, the Brazilian will be at each of the NTT INDYCAR SERIES races this season serving as engineer and driver support for both Blomqvist and Rosenqvist. Castroneves will take off his team owner hat and put on his driver helmet starting in April as preparations officially begin for the 108th Running of the Indianapolis 500 with the Open Test at IMS on April 10-11.

The NTT INDYCAR SERIES season begins Sunday with the Firestone Grand Prix of St. Petersburg presented by RP Funding. Live coverage will be available at noon ET on NBC, Peacock and the INDYCAR Radio Network.