Steel Mills
Worthington Industries to Close Essex Facility
Written by Sandy Williams
December 12, 2013
Worthington Industries plans to close their Essex facility in Baltimore County, located near the former Sparrows Point steel site, by the end of its fiscal year, May 31, 2014. The closing will result in the layoff of 54 employees.
The company filed the following SEC report:
On December 10, 2013, the Steel Processing Segment (“Worthington Steel”) of Worthington Industries, Inc. (the “Company”) announced to its employees that its Baltimore steel facility will be closing by the end of its fiscal year, May 31, 2014. With the consolidation of the steel industry, many of the mills that previously supplied the Baltimore facility have closed, negatively impacting the supply chain there. The Company has concluded that it can more efficiently service its customers in the Mid-Atlantic Region from other Worthington facilities and processing partners, and believes it will retain most of the business.
Production at Baltimore will wind down over the coming months. Employees there will have the opportunity to apply for job openings at other Worthington facilities. For employees who will not continue with the Company, severance and outplacement services will be provided.
The Company does not expect the net effect from the wind down and closure of the Baltimore facility to have a material impact on its financial position or results of operation.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor carbon targets certified by GSCC
Nucor’s “ambitious” carbon targets by the end of the decade and beyond have been certified by the Global Steel Climate Council (GSCC). The Charlotte, N.C.-based steelmaker used a base year of 2023 for its science-based emissions targets (SBET). It set an SBET of 0.975 metric tons (mt) of CO2 emissions per mt of hot-rolled steel […]
SSAB halts talks with Feds on Miss. green steel plant
The Department of Energy's Industrial Demonstrations Program page states that it is no longer moving forward with SSAB.
Cleveland-Cliffs CEO seeks ‘American solution’ for U.S. Steel
He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.
Cliffs, Nucor could buy U.S. Steel: Report
Cleveland-Cliffs could be teaming up with Nucor to make a play for U.S. Steel, according to an article at CNBC.
Biden extends deadline for unwinding Nippon/USS deal to June
The Biden administration has pushed back until June the date for which Nippon Steel must unwind its $14.9-billion dollar deal for Pittsburgh-based U.S. Steel, the companies said on Saturday.