Steel Mills

ArcelorMittal to Idle Indiana Harbor Long Carbon
Written by Sandy Williams
January 24, 2015
ArcelorMittal intends to idle its Indiana Harbor Long Carbon facility and shut down the rolling mill, resulting in the potential layoff of 304 employees.
The facility will be idled beginning with the electric arc furnace on March 1, 2015, followed by the rolling mill operation in second quarter, pending customer requirements. The mill was previously idled in 2009 and brought back online in 2010. An ArcelorMittal spokesperson said the company has suffered losses at the Indiana Harbor facility since 2011 due to low utilization, scheduling inefficiencies and high costs.
“We have been negotiating with the United Steelworkers (USW) since mid-November to maintain the rolling mill as an economically viable operation using outsourced billets,” said the company spokesperson. “We no longer view this option as feasible given the union’s requirement that this change be linked to increased production bonuses at the rolling mill, equivalent to an increase of approximately $4,000 annually per hourly employee at current production levels.”
The plant closure will affect approximately 246 USW union members and 58 salaried employees, most of whom are expected to be relocated into other ArcelorMittal facilities in Northwest Indiana. The decision entails the potentially permanent loss of more than 300 direct and indirect jobs associated with the facility, said the spokesperson.
The closure affects only the long carbon plant in Indiana. The shutdown of the facility’s electric arc furnace will remove 340,000 tons of annual steel capacity from the market.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.