Steel Mills
ArcelorMittal Idles Hot Strip Mill at Indiana Harbor
Written by Sandy Williams
April 3, 2016
ArcelorMittal has idled the hot strip mill at Indiana Harbor East Chicago but will not lay off the 300 affected workers.
United Steelworkers District 7 Director Mike Millsap said the union is working to re-assign workers to East Chicago, Burns Harbor or Riverdale.
ArcelorMittal spokeswoman Mary Beth Holdford said the company “expects to optimize our assets in the United States without layoffs by leveraging natural attrition.”
The idling is one of several measures to restructure the U.S. operations by closing inefficient operations and investing in the remaining ones. The No.1 aluminizing line at Indiana Harbor West was shut down recently and the long carbon facilities at LaPlace, La., and Vinton, Texas have been sold to Black Diamond Capital Management.
“Action 2020 is a strategic road map that aims to achieve targeted financial improvements for the company by 2020,” said Holdford. “In the United States, efforts to support Action 2020 include asset and cost optimization as well as an improved portfolio of high added value products. These products will ensure ArcelorMittal is uniquely positioned with a strong technical and product portfolio to serve customer requirements.”
The 84″ HSM at the East Chicago facility is one of two mills with a combined capacity of 9.8 million tons of hot rolled per year. The line being shut down was the smaller of the two, with a capacity of 3.8 million tons.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.