Raw Steels MMI®: U.S. Steel Idles Minnesota Iron Ore Operation, Announces Layoffs

by on

U.S. Steel on Thursday announced more layoffs as it continues to fight lower-priced, surging imports and declining demand in the energy sector, saying it will temporarily idle one of its iron-ore operations in Minnesota, affecting 412 workers.

Free Download: Cut Your Shipping Costs

The idling of the plant in Keewatin, Minn., which ships to U.S. Steel mills, will take place on May 13 and affects six million tons of iron-ore production capacity, or 27% of U.S. Steel’s overall iron-ore output last year. U.S. Steel said the move is temporary in a statement.

For full access to this MetalMiner membership content:
Log In |

{Comments Off on Raw Steels MMI®: U.S. Steel Idles Minnesota Iron Ore Operation, Announces Layoffs Comments Off on Raw Steels MMI®: U.S. Steel Idles Minnesota Iron Ore Operation, Announces Layoffs}