Steel Products

USS Slates Layoffs at Granite City Works
Written by Ethan Bernard
October 3, 2023
U.S. Steel is laying off ~300 workers at its Granite City Works in southern Illinois, a company spokeswoman told SMU on Tuesday.
The workers were in the company’s iron and steelmaking operations, she said.
She also confirmed an earlier report in the Belleville News Democrat that the Pittsburgh-based steelmaker believes the “layoffs will last less than six months.”
Recall that U.S. Steel idled its Granite City ‘B’ blast furnace last month, citing the ongoing United Auto Workers (UAW) strike.
U.S. Steel has two blast furnaces at Granite City: ‘A’ and ‘B’. The ‘A’ furnace was indefinitely idled in April 2020, according to SMU’s blast furnace status table. With ‘B’ going down, there is – at least temporarily – no more iron or steelmaking at the mill.
United Steelworkers (USW) Local 1899 president Dan Simmons told the Democrat that between 260 and 265 employees at the steelmaker will be out of work starting this week. He did not return a call for comment from SMU by time of publication.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

Rig count: US, Canada counts edge up as weather cools down
Active rotary rigs in the US and Canada are up for the second consecutive week, according to Baker Hughes.

Heating and cooling equipment shipments fall with season change in October
October saw domestic heating and cooling equipment shipments drop for a second consecutive month, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).

CRU: More aluminum producers prioritize decarbonization: Industry shift towards sustainability
The LME Aluminum 3-month price is moving up again on the morning of Dec. 8 and was last seen trading at $2,157 per metric ton. The way the price increased first thing in the morning suggests a support may have finally been found, but resistance could hit quickly at $2,200 /metric ton. SHFE cash was […]

SMU survey: Direction of mill lead times mixed on holiday season lull
Movements in lead times were mixed in SMU’s check of the market this week – a reflection of the seasonal dip in ordering that is typically seen during the winter holiday season.

Steel shipments bounce back in October
American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI). Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the […]