Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/7fe5bbec85b12c1335d69f374d366bf9.jpg)
ArcelorMittal to Idle Hibbing Taconite
Written by Sandy Williams
April 22, 2020
Another iron mine is temporarily idling production. ArcelorMittal said on Tuesday that it will idle Hibbing Taconite on May 3 with plans to resume operations on July 6.
“Due to the unprecedented and challenging times presented by the COVID-19 pandemic, the joint venture partners of Hibbing Taconite will be idling the operation,” said ArcelorMittal in a statement. “As a result, Hibbing Taconite has begun preparations to reduce production in a safe and orderly manner with necessary precaution to preserve the asset for future production.”
Hibbing Taconite is a joint venture between ArcelorMittal, Cleveland-Cliffs and U.S. Steel with ArcelorMittal serving as managing partner as of August 2019. Pellets from the plant are shipped to ArcelorMittal Burns Harbor, which last week idled its C blast furnace.
In the past week, Cleveland-Cliffs has idled Northshore Mining and U.S. Steel announced the idling of Keetac.
About 650 employees are expected to be laid off at the facility including hourly and salaried workers. “As managing partner of Hibbing Taconite, ArcelorMittal USA plans to work with the USW to minimize the impact on the workforce for the duration of the outage,” said a spokesperson for the company.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/SSAB.png)
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.