Steel Mills
Layoffs Continue for US Steel Gary Works
Written by Sandy Williams
May 15, 2015
Another 285 workers were laid off at US Steel’s Gary Works. US Steel spokesperson Courtney Boone attributes “challenging market conditions that are impacting the company” for the latest layoffs.
US Steel laid off 270 workers three weeks ago but recalled 52 of them last week. On Friday, 57 salaried managers were dismissed, bringing the total number of layoffs to 285.
The layoffs are temporary and US Steel has stressed the need for flexibility in adapting to market conditions.
Imports have hurt US Steel’s tubular business along with weakened demand from the oil industry.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Primetals to replace two EAFs at US mill
Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.