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
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.