Steel Mills

Alton Steel Lays Off 88
Written by Sandy Williams
April 13, 2015
Another steel mill bites the bullet and lays off employees as a result of poor market conditions.
Alton Steel laid off 88 union workers at its melt shop and bar mill for a period of at least three weeks or more. According to a union member in report by local news source The Telegraph, the melt shop has been cut back to one shift from two and the bar mill from three shifts to two.
The layoffs are attributed to challenging market conditions from unfairly traded imports, low steel prices and the drop in steel demand from energy markets.
Alton Steel produces special bar quality (SBQ) round bars and round cornered squares and is located in Alton, IL. Alton Steel operates a 200 ton electric arc furnace with a capacity of 750,000 tons annually and the ability to roll 400,000 tons of steel in its 14″ rolling mill.
{loadposition reserved_message}

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.