Steel Mills

US Steel to Adjust Production at Minntac Plant
Written by Brett Linton
March 31, 2015
US Steel announced today it will adjust operations and temporarily idle a portion of its Minntac plant in Mount Iron, Minnesota, effective June 1st 2015. This is due to the company’s current iron ore inventory levels and ongoing adjustment of its steel making operations throughout North America. The company will continue to operate Minntac at reduced capacity in order to meet customer demand.
As part of the idling, all employees at Minntac have been advised and are being issued notices under the Worker Adjustment and Retraining Notification Act. The number of employees impacted will be based upon operational and/or maintenance needs.
Based on an article in the Minneapolis Star Tribune an estimated 700 workers could be affected and the USW local advised that the shutdown could last up to four months. The plant has 1400 hourly and 500 salaried workers.

Brett Linton
Read more from Brett LintonLatest 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.