Steel Mills
ArcelorMittal Idles Hot Strip Mill at Indiana Harbor
Written by Sandy Williams
April 3, 2016
ArcelorMittal has idled the hot strip mill at Indiana Harbor East Chicago but will not lay off the 300 affected workers.
United Steelworkers District 7 Director Mike Millsap said the union is working to re-assign workers to East Chicago, Burns Harbor or Riverdale.
ArcelorMittal spokeswoman Mary Beth Holdford said the company “expects to optimize our assets in the United States without layoffs by leveraging natural attrition.”
The idling is one of several measures to restructure the U.S. operations by closing inefficient operations and investing in the remaining ones. The No.1 aluminizing line at Indiana Harbor West was shut down recently and the long carbon facilities at LaPlace, La., and Vinton, Texas have been sold to Black Diamond Capital Management.
“Action 2020 is a strategic road map that aims to achieve targeted financial improvements for the company by 2020,” said Holdford. “In the United States, efforts to support Action 2020 include asset and cost optimization as well as an improved portfolio of high added value products. These products will ensure ArcelorMittal is uniquely positioned with a strong technical and product portfolio to serve customer requirements.”
The 84″ HSM at the East Chicago facility is one of two mills with a combined capacity of 9.8 million tons of hot rolled per year. The line being shut down was the smaller of the two, with a capacity of 3.8 million tons.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
CMC Q4 profits rise on improved market conditions
CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.
AISI: Raw steel production drops to multi-month low
After being historically strong for more than four months, US raw steel production fell for a second week.
U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.
August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.
TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.