Steel Mills

Layoffs Continue for US Steel Gary Works
Written by Sandy Williams
May 15, 2015
Another 285 workers were laid off at US Steel’s Gary Works. US Steel spokesperson Courtney Boone attributes “challenging market conditions that are impacting the company” for the latest layoffs.
US Steel laid off 270 workers three weeks ago but recalled 52 of them last week. On Friday, 57 salaried managers were dismissed, bringing the total number of layoffs to 285.
The layoffs are temporary and US Steel has stressed the need for flexibility in adapting to market conditions.
Imports have hurt US Steel’s tubular business along with weakened demand from the oil industry.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).