Steel Mills
EVRAZ Reducing Workforce at Oregon Plate Mill
Written by Sandy Williams
June 10, 2020
EVRAZ NA will reduce its workforce by an additional 65 employees at EVRAZ Oregon Steel as operations are idled in response to weak demand due to the coronavirus. In a Worker Adjustment and Retraining Notification to the state of Oregon, EVRAZ said it “has experienced a significant business downturn” and will permanently reduce the workforce at the Oregon plate mill.
Layoffs commenced June 8 and will be implemented over a two-month period at the Portland plate rolling mill. The facility is the only plate mill in the Western U.S. and adjacent Canadian provinces.
The June announcement follows a similar one that cut 230 employees in April, resulting in the shutdown of the company’s Portland spiral pipe mill. A significant drop in pipe product demand, low oil prices and coronavirus-pandemic-induced economic conditions were cited for the shutdown.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
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).
Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.