Steel Mills
US Steel to Begin Layoffs at Lorain Tubular
Written by Sandy Williams
January 10, 2016
Steelworkers in Lorain, Ohio are having a dismal start to 2016. In addition to this week’s announcement by Republic Steel that it would idle operations at its rolling mill, US Steel confirmed layoffs are coming to Lorain Tubular.
A union official reports 261 workers at US Steel’s Lorain Tubular Operations will be laid off beginning with 43 employees next week, according to a report by the Chronicle-Telegram on Jan. 8. The Lorain facility has 337 active employees but that number is expected to drop to 76 as the layoffs proceed throughout the month, said USW Local 1104 President Dennis Hamilton. Hamilton said the union received word from U.S. Steel that the plant would be shut down for three weeks in March.
US Steel spokesperson Sarah Casella did not comment on specific details but said layoffs were necessary because, “challenging market conditions, including fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports continue to reduce demand for tubular goods.”
Between Republic Steel and US Steel more than 400 employees will be laid off in Lorain in the coming weeks.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Algoma changing fiscal year end to Dec. 31
Canada’ Algoma Steel has announced a change in its fiscal year end from March 31 to Dec. 31.
ArcelorMittal Q3 earnings down, still recovering from Mexico strike
ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.
Algoma swings to loss in fiscal Q2 on lower shipments, soft market
Canada’s Algoma Steel swung to a steep loss in the quarter ended Sept. 30 on lower steel shipments, greater consumption of purchased coke, and weakening market conditions.
Ternium Mexico logs record volumes in Q3 as Pesqueria expansion ramps up
Luxembourg-based Ternium achieved record-high sales volumes in Mexico in the third quarter, reaching key milestones at its Pesqueria industrial center, the largest project in the Latin American steelmaker's history.
Cliffs forecasts 2025 rebound after Q3’s weakest demand since Covid
The negative impact of high interest rates on consumer behavior, particularly in the automotive and housing sectors, was the primary driver of the demand weakness seen across the third quarter, according to Cleveland-Cliffs executives.