Steel Mills

Alton Steel Lays Off 88

April 13, 2015

Another steel mill bites the bullet and lays off employees as a result of poor market conditions.

Alton Steel laid off 88 union workers at its melt shop and bar mill for a period of at least three weeks or more. According to a union member in report by local news source The Telegraph, the melt shop has been cut back to one shift from two and the bar mill from three shifts to two.

The layoffs are attributed to challenging market conditions from unfairly traded imports, low steel prices and the drop in steel demand from energy markets.

Alton Steel produces special bar quality (SBQ) round bars and round cornered squares and is located in Alton, IL. Alton Steel operates a 200 ton electric arc furnace with a capacity of 750,000 tons annually and the ability to roll 400,000 tons of steel in its 14″ rolling mill.

{loadposition reserved_message}