Steel Mills

U.S. Steel Cuts Non-Union Jobs as Part of Restructuring
Written by Sandy Williams
November 12, 2019
U.S. Steel initiated layoffs for some of its non-union staff on Friday, citing challenging market conditions requiring a leaner and more efficient organization.
The layoffs are related to restructuring plans that were announced in early October. “While market headwinds persist, we continue to focus on what we can control, including re-scoping our asset revitalization investments and reducing fixed costs,” said President and CEO David Burritt in the company’s third-quarter earnings release.
U.S. Steel commented on the layoffs in the following statement:
“Following the announcement of our new operating structure on Oct. 8, leaders examined organizational structures, work performed, and spending to find opportunities to more efficiently execute our strategy. At the same time, we’ve been battling challenging market conditions, which means we need to truly become a leaner, more efficient organization faster. As part of this process, we are taking the difficult step to eliminate a number of non-represented positions in the United States. Unfortunately, this was a necessary step in the execution of our strategy, which will deliver cost and capability differentiation to create a world competitive ‘best of both’ footprint. It’s always difficult when we have to say goodbye to valued colleagues, but these moves will allow us to better manage our resources amid challenging market conditions.”
U.S. Steel reported a net loss of $84 million for the third quarter, but has secured approximately $1.1 billion of incremental financing to support its growth projects, including the acquisition of Big River Steel. The company has repeatedly emphasized the need for flexibility to accomplish its “best of both” strategy” as an integrated BF and EAF steel producer.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.

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.