Steel Mills

More Layoffs at ArcelorMittal USA
Written by Sandy Williams
August 1, 2020
ArcelorMittal is laying off 877 union and salaried workers at Indiana Harbor in addition to the 454 at ArcelorMittal Cleveland. The layoffs took effect on Saturday and will continue for the next two weeks until completed.
In an amended letter to the Indiana Department of Workforce Development, ArcelorMittal said, “Due to additional and unforeseen deterioration in the market for our products since the announcement of temporary layoffs…the company is now required to institute indefinite layoffs of represented employees and certain terminations among salaried, unrepresented employees at the ArcelorMittal Indiana Harbor facility.”
ArcelorMittal cited depressed business conditions due to the COVID-19 pandemic. “We expect that these layoffs will be indefinite, and we cannot predict their duration at this time, although we now expect that they will last longer than six (6) months.”
The Indiana Harbor layoffs come at the same time that the No. 4 blast furnace at IH was restarted following the damage and temporary idling of the D blast furnace at Burns Harbor.
ArcelorMittal USA is currently operating BFs 4 and 7 at Indiana Harbor and BF C-5 at Cleveland.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.

Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.

Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.

Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.

Pacific Steel breaks ground on California rebar mill
Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.