8,957.46 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.25 USD USD USD
37.07 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.46 TRY Interest Interest
71.67 USD Fossil Oil Fossil Oil
34.11 USD Silver Silver
34.11 USD Copper Copper
102.74 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,066.14 TRY Gold (gr) Gold (gr)

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations, resulting in job losses for around 265 workers.

U.S. Steel has announced the indefinite closure of its Granite City steelmaking operations

U.S. Steel, the second-largest US steel producer, has announced its indefinite closure of its Granite City steelmaking operations, leading to job losses. Around 265 workers were laid off during the temporary closure, with another 600 expected to lose their jobs in January next year.

The company plans to use its active steel production facilities to meet customer demand and balance melt capacity with its order book. Idle operations will be taken up by other plants, and rolling and finishing will continue at Granite City using slabs sourced from other plants.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Taiwan's leading steel manufacturers raise prices for November

Wednesday, October 30, 2024

Aliağa shipbreaking scrap prices decreased

Wednesday, October 30, 2024

Nucor implements price hike for HRC

Wednesday, October 30, 2024

Green Esteel becomes new strategic investor of Southern Steel Bhd

Wednesday, October 30, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now